FTSE 100 futures jumping between 2.8 percent and 3.4
percent despite the UK’s lockdown to fight the coronavirus outbreak being
extended for at least another three weeks. While, European stock index futures
surged more than 3 percent on Friday, with German DAX, French CAC, and FTSE 100
futures jumping between 2.8 percent and 3.4 percent, shrugging off data showing
China suffered its worst economic contraction in almost three decades.
Data from China showed the world’s second-largest economy
shrank for the first time since at least 1992 because of the coronavirus
outbreak and tough containment measures.
Gross domestic product contracted 6.8 percent in the
quarter year-on-year, slightly more than expected, and 9.8 percent from the
However, the Chinese data and other forecasts that said
the world is in its worst recession in decades caused barely a ripple in Asian
shares as investors focus instead on whether the pandemic is peaking and how
soon governments will start to ease lockdowns which have crippled business and
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