The second largest cinema operator in the world, Cineworld, plunged in trading on Friday after it was reported that the company was preparing to file for bankruptcy.

Cineworld has announced the temporary closure of all its theaters in the United States, United Kingdom and Ireland as a result of the delay of the major premieres planned between now and the end of the year.

Asian markets climbed overnight to start the week on the front foot after reports that President Trump could leave hospital as early as today. European markets have also opened positively with the FTSE and Dax up 0.5% a piece.

European markets have opened in the red this morning as investor sentiment remains downbeat due to increased case numbers and central bank commentary weighing on equities.

After being hyped up by CEO Elon Musk in the run up to it, Tesla’s ‘battery day’ disappointed investors, as the new innovations unveiled remain years away. The firm’s share price closed the day 5.6% down, then slumped further in after-hours trading.