European stocks rebound while steelmakers skid

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Europe stocks higher in early trade while U.S. futures slip

Stocks fell Monday on worries over a worldwide pickup in the growth rate of coronavirus as South Korea tried to curtail a second wave.

Based on Google mobility data, the Deutsche Bank analysts say North Asia, the Nordics, Australia, Eastern Europe and the U.S. are the most open economies now. The eurozone members trail, with Spain, Portugal, France and Italy among the most shut. ArcelorMittal MT, -4.13% shares fell 7% as the world’s leading steelmaker priced $2 billion of convertible bonds and stocks, after last week reporting a $1.1 billion quarterly loss and suspending its dividend.

 

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