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MORNING CALL: WHAT A DIFFERENCE A NIGHT MAKES (0626 GMT)
A European investors could have been excused last night to feel somewhat reassured by Wall Street's 6% jump.
After all, it was reasonable to assume that the pledge by the Fed and by governments across the world to pump up hundreds of billions of dollars to cushion the effect of the coronavirus outbreak would calm markets down.
Not anymore. Whatever positive sentiment was around last night faded away and European futures are deep into the red. Like over 5% into the red.
Which makes sense because Asian bourses fell and U.S. futures hit their daily limit outside U.S. trade.
(Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)