European markets set to open lower after US warns of soaring coronavirus death toll

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European markets set to open lower after US warns of soaring coronavirus death toll
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European markets are set to open lower Wednesday as global market sentiment takes a pummeling amid the coronavirus outbreak

London's FTSE index is set to open 114 points lower at 5,549, Germany's DAX is expected to open 178 points lower at 9,742 and France's CAC is seen 80 points lower at 4,307, according to IG. Italy's FTSE MIB is expected to open 244 points lower at 16,614.

Markets will be digesting comments from the U.S. on Tuesday after President Donald Trump prepared Americans for a surge in coronavirus cases, saying the U.S. will face a "very, very painful two weeks." European markets are set to open lower Wednesday as global market sentiment continues to take a pummeling amid the coronavirus outbreak

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