European markets set for negative open as coronavirus concerns return

Global markets are watching developments in the coronavirus outbreak carefully after global cases of the virus have now topped 20 million, with many regions struggling to ramp up testing to capture the true scale of the global outbreak.

New Zealand's Prime Minister Jacinda Ardern said that she would delay the general election process after the country reported its first cases on Tuesday, after 102 days without any local transmissions. A sharp rise in daily cases in France also prompted Prime Minister Jean Castex to reportedly warn the country that it has been going "the wrong way" for the past two weeks.

In the U.S., daily new cases appear to be decreasing, though testing in several large states, including Texas, has also fallen, which could complicate the data. In other news, Russian President Vladimir Putin said Tuesday theIn Europe, earnings come from

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