European stock index futures slide as coronavirus damage grows

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Figures on Wednesday showed factory activity contracting across most of Asia in March as the outbreak paralysed supply chains, with sharp falls in export power-houses Japan and South Korea.

Euro Stoxx 50 futures (STXEc1) tumbled 3.3% at 0601 GMT following a rebound this week that was powered by aggressive fiscal and monetary stimulus from around the world.

The pan-European STOXX 600 index (STOXX) ended Tuesday with its worst quarter in 18 years as lockdown measures to contain the health crisis upended business activity, raising the threat of corporate defaults and mass layoffs.

German DAX futures (FDXc1) were off 3.3%, while French CAC futures (FCEc1) fell 3.1%.

FTSE 100 futures (FFIc1) shed 3.4% as the number of deaths from the coronavirus in the United Kingdom rose by 27% in the space of a day.