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Stocks pull back after Monday surge

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European markets have opened softer this morning, potentially locking in profits as coronavirus fears continue to resurface. The FTSE and Dax are down 1 a piece and US futures are pointing towards a 0.5 dip on the open. Stock markets across the world soared on Monday, despite hundreds of thousands of new coronavirus cases being reported globally over the weekend. Investors continued to focus on vaccine hopes and recent economic data, ignoring the surge in cases, which, in the US, has not yet caught up to a surge in deaths. A surge in China and Hong Konglisted shares also helped sentiment globally; the CSI 300 index finished the day 5.7 higher, while the Hang Seng Index was up 3.8. Elsewhere, the SP 500 gained 1.6, the FTSE 100 was up 2.1 and the German Dax Index jumped 1.6.