Global stocks recover as coronavirus death toll slowdown

• Australia's benchmark index was up 0.5pc, Japan's Nikkei rose 0.2pc and South Korea's KOSPI index increased 1.4pc.
• Meanwhile, the MSCI Developed Markets Indexes outside of Japan edged inched up 0.1pc.

Global stocks saw an upward trend on Monday after the declining death toll of the coronavirus pandemic brought much-needed confidence among the investors.

Australia's benchmark index was up 4.3pc, Japan's Nikkei rose 4.4pc and South Korea's KOSPI index increased 3.4pc. Meanwhile, the MSCI Developed Markets Indexes outside of Japan edged inched up 0.1pc.

The development comes after a significant drop in the rate of fatalities from coronavirus was witnessed in European countries on Sunday, with the worst-hit Italy seeing the number of patients in intensive care falling for the second consecutive day.

The United States, however, has become the virus's latest hotspot was the number of fatalities increased by over 1,000 for the third consecutive day. However, the US stock futures were up more than 1.5pc in early trading after President Donald Trump expressed hope the country was seeing a "leveling off" of the coronavirus crisis.

Furthermore, the Vietnam benchmark index jumped up as much as 3.7pc on the back of financial and real estate stocks. Meanwhile, the Indonesian stocks climbed as much as 2.6pc and hit a three-week high.

Singaporean shares were up more than 2pc, whereas, in the Philippines, the benchmark added up to 1.5pc, while Malaysian equities were trading flat.

Hong Kong’s Hang Seng index closed 2.2% higher at 23,749.12, having hit its highest level since March 13 during the session. The Hang Seng China Enterprises index rose 1.7%, while markets in Indonesia was up 3.4pc

On the European side, European stock index futures shot up more than 4pc. Euro Stoxx 50 futures STXEc1 climbed 3.5pc, with German DAX futures FDXc1 and French CAC futures FCEc1 inching 4.0pc and 3.2pc, respectively.

Italian and Netherlands were increased 3.8pc and 3.8pc, respectively. Stocks in Spain and Switzerland were up 3pc and 3pc, respectively.

Stock-markets, today.

Germany: +4.4%

Australia: +4.3%

Japan: +4.2%

Belgium: +4.1%

Austria: +4%

S Korea: +3.8%

Netherlands: +3.8%

Italy: +3.8%

France: +3.7%

Indonesia: +3.4%

Spain: +3%

Switzerland: +3%

UK: +3%

Hong Kong: +2.2%

Turkey: +1.4%

Russia: +0.8%

Saudi: +0.1%