Russian indices are in positive territory: RTS index is at 6.7%, and the MICEX index at 4.4%.
Meanwhile, the S&P 500 Future is at 4.4%.
Reason: There has been a decline in death toll in Italy for two consecutive days. A meeting of the Big Seven is expected on Tuesday regarding measures to support the economy.
On Monday, the Fed opened support for the bond market with $ 30 billion per day. While the German government promises 750 billion euro of package assistance, including support in Italy.
Coronavirus continues to spread at a high rate of 10% per day. But there is hope that the quarantine will work and that the assistance from the Central Bank and governments will help the economies of Europe and the United States survive the crisis. And hopefully would help other countries as well.
The euro bounces up along with the markets, but the downward trend has not been canceled yet.
Prepare to sell from 1.0940.