European stock futures slump 2% on report France mulling national lockdown

Credit: REUTERS/STAFF

European stock futures dropped to a fresh five-month low on Wednesday after a report France was mulling a month-long national lockdown to combat a surge in coronavirus infections.

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Oct 28 (Reuters) - European stock futures dropped to a fresh five-month low on Wednesday after a report France was mulling a month-long national lockdown to combat a surge in coronavirus infections.

Euro Stoxx 50 futures STXEc1 were off 2% at 0728 GMT, while German DAX futures FDXc1 shed 1.9% and UK's FTSE futures FFIc1 dropped 1.4%. Wall Street futures EScv1 were down about 1%.

French President Emmanuel Macron will give a televised address later in the evening, his office said.

Europe's third-largest economy reported 523 new deaths from coronavirus over the past 24 hours, the highest daily toll since April 22, while United Kingdom recorded 367 deaths on Tuesday, the highest daily toll since May 27.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)

((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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