Here's what you need to know before the markets open.In Asia, Hong Kong's Hang Seng was up 1.8%, the Nikkei 225 was up 2.6%, and the Shanghai Composite was up 1%. In Europe, the Dax is up 0.6%, the FTSE 100 is up 0.9%, and the Euro Stoxx 50 is up 0.5%. In the US, futures underlying stocks are pointing to an increase of around 2% on all major indices, with the S&P 500 set to break above 3,000 for the first time since early March.
Singapore is the latest nation to predict a devastating coronavirus recession as the pandemic ravages 2 of its biggest industriesSingapore's economy could shrink by up to 7% as it appears to head for its worst recession since independence, the country's trade ministry warned, making the south east Asian nation the latest to acknowledge the devastating economic impact of coronavirus.
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