European markets are set to open lower Thursday as investors digest the economic impact of he coronavirus on the global economy.
An increasing number of European countries have cautiously started to ease restrictive measures on public life and businesses this week and Germany is the latest to set out a road map for how it will reopen its economy. Smaller shops will be able to start reopening on April 20 as long as they can implement good hygiene measures and schools will reopen on May 4. Mass gatherings have been banned until Aug. 31, however.
Meanwhile in the U.S., President Donald Trump said Wednesday that the country has "passed the peak" of the coronavirus outbreak, which has infected more than 632,000 people in America. "While we must remain vigilant, it is clear that our aggressive strategy is working," Trump said at a White House news briefing with coronavirus task force on Wednesday. "The battle continues, but the data suggests that nationwide we have passed the peak on new cases."
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