Global stocks jump on coronavirus slowdown hopes; oil slips on supply fears

Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive.

Equity investors took solace as the death toll from the coronavirus slowed across major European nations including France and Italy.

US stock futures rose more than 4 per cent in early hours , trading close to its upper limit after President Donald Trump expressed hope the country was seeing a “levelling off” of the coronavirus crisis.

London’s FTSE was up 3.2 per cent in early trading, while Germany’s DAX index