European stocks seen modestly higher as investors monitor economic recovery, coronavirus

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Sverige Senaste nytt,Sverige Rubriker

European stocks are set to open cautiously higher Friday as investors continue to monitor coronavirus developments and the prospects of economic recovery.

Europe's markets look set for a mixed handover from Asia Pacific, where strong gains for Australia's "Big Four" banks led a rally for thefutures are pointing to a positive open Friday's, hoping to avoid losses for the week after swinging to slight gains on Thursday.

The prospect of further U.S. stimulus remains a key focus, with Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin telling Congress on Thursday that $380 billion left over from the country's last federal aid package could be used to help households and businesses if lawmakers sign off.

House Democrats are preparing a $2.4 trillion relief package that they could vote on as soon as next week, . The package would include airline aid and enhanced unemployment benefits, but the price tag far exceeds that Republicans have said they would pay.

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Sverige Senaste nytt, Sverige Rubriker