European markets poised to start week on negative footing as coronavirus remains in focus

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European markets poised to start week on negative footing as coronavirus remains in focus
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European markets are set to start the week lower Monday as the coronavirus pandemic remains in focus for investors.

Global markets continue to take stock of the evolving coronavirus pandemic. The virus has already infected more than 720,000 people worldwide and caused at least 33,925 deaths, according to data compiled by Johns Hopkins University., walking back his previous remarks that he wanted the country to reopen for business by Easter.

"Nothing would be worse than declaring victory before the victory has been won," Trump said at an evening press briefing after suggesting that the coronavirus death rate would likely peak in two weeks. Meanwhile in Europe, the number of deaths from coronavirus in Italy fell for the second consecutive day on Sunday. A national lockdown looks certain to continue beyond April 3.

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