European stocks are expected to open higher on Friday, as the economic impact of the coronavirus remains in focus.
The U.K.'s FTSE 100 is closed Friday because of the VE Day holiday, which marks the day at the end of World War II, when fighting against Nazi Germany ended.
German exports plunged 12 percent in March, according to data released Friday — a much sharper drop than expected, as the coronavirus hit demand in the country. The fall marked the steepest drop in German exports since records began in 1990, Reuters reported., expected at 8:30 a.m. ET Friday, for signs of just how badly the coronavirus has hit the world's biggest economy. Economists expect that more than 20 million jobs were lost last month, according to Dow Jones.
It follows separate, dismal jobs data released Thursday. Weekly jobless claims data showed more than 33 million Americans have filed for unemployment benefits over the seven-week period ending May 2. Meanwhile in Asia, stocks were higher in afternoon trading. Japanese stocks led gains among the region's major markets, with the
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