The lockdown of millions of people at home across the globe due to the coronavirus should have been the perfect recipe for success for the burgeoning online meal delivery market.
Canada's main stock index futures rose on Tuesday, as oil prices jumped on hopes for a global production cut and a slowdown in infections in Europe and the United States aided sentiment. June futures on the S&P/TSX index were up 2.06% at 7:00 a.m. ET. Canada's Ivey PMI data for March is due at 10:00 a.m. ET. The Toronto Stock Exchange's S&P/TSX closed up 5.06% at 13,592.70 on Monday.
U.S. stock index futures gave up early-session gains and retreated late Monday, following a rally on Wall Street stoked by hope that the coronavirus pandemic may stabilize soon. As of 10:30 p.m. Eastern, Dow Jones Industrial Average futures were up down 100 points, or 0.4%, after rising more than 200 points earlier. S&P 500 futures and Nasdaq-100 futures fell as well, also giving up slight early gains.
Wall Street fell on Tuesday, as a drop in oil prices steepened in the latter stages of the session and erased early gains built on tentative signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be leveling. The S&P initially appeared poise to add to a 7% jump on Monday, after health officials said the pandemic may kill fewer Americans than indicated in recent projections.
* Futures up: Dow 2.97%, S&P 2.68%, Nasdaq 2.37% By Uday Sampath Kumar. U.S. stock index futures bounced for a second straight day on Tuesday as risk appetite returned on tentative signs the coronavirus outbreak was starting to plateau in hard-hit U.S. states.
* Early signs of virus peaking in Europe, New York. * Broad gains from London to Sydney on stock markets. * Euro races higher is first gains in seven session. * Benchmark government bonds, gold, dollar selloff. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Marc Jones.
* STOXX 600 now up more than 22% from March lows. * Virus cases slow in Italy, Spain and U.S. states. * German shares surge to near one-month high. * Cineworld (CNNWF) rockets 46% on liquidity plans. By Susan Mathew and Sagarika Jaisinghani. European shares rallied for a second straight day on Tuesday with investors focusing on early signs that the coronavirus pandemic may be easing.
Global markets largely extended gains, after major indexes in the U.S. jumped more than 7% amid early signs that lockdowns could be helping stem the coronavirus pandemic internationally. U.S. futures rose for a second day, with those tied to the Dow Jones Industrial Average index adding 1.7%. The pan- continental Stoxx Europe 600 advanced 2%.
* Early signs of virus peaking in Europe, New York. * Broad gains from Tokyo to Sydney but momentum ebbs. * Currencies, bonds steady as economic risks weighed. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Paulina Duran and Tom Westbrook.
Tokyo shares advanced on Tuesday, supported by tentative signs of the coronavirus outbreak being contained in New York and other global hot spots, with long-only investors still awaiting details of Japan's massive economic stimulus package. The benchmark Nikkei average gained 2.0% to 18,950.18, its highest closing since March 31, tracking sharp gains in Wall Street stocks overnight.
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