European stocks jump amid tentative signs Italy getting virus spread under control
European stocks rose on Tuesday amid tentative signs that the coronavirus spread is slowing in Italy, one of the worst-hit countries, as negotiations continued on a U.S. stimulus package. The German DAX jumped 6% in opening trade, and the French CAC 40 rose over 4%. Markets also rallied across Asia, as the Nikkei 225 jumped 7.1% in Tokyo and the South Korean Kospi Composite rose nearly 9%. Futures on the Dow Jones Industrial Average rose 876 points.