European stocks open lower despite a strong day in Asia. Major European markets opened lower on Monday despite a moderately strong day in Asia and a booming Friday on Wall Street. The sluggish performance came after markets in Japan and Taiwan rose more than 1 percent, leading a rally in the Asia-Pacific region. Futures markets signaled that Wall Street would open slightly lower. Global stocks have risen strongly in recent days on government stimulus efforts and signs of recovery in some of the places hit hardest by the coronavirus pandemic.

Source: New York Times June 08, 2020 08:48 UTC