European stocks back in red as virus spread feeds recession fears | Malay Mail

German shares shrugged off a €750 billion stimulus package from Berlin, closing about 2 per cent lower as major car makers face a dual hurdle of production curbs and flatlining demand. — Reuters pic

Markets had briefly pared losses earlier in the day after the US Federal Reserve underlined aggressive action to offset the economic disruption from the outbreak. British theatre operator Cineworld bottomed out the sector as British measures to combat the spread of the virus effectively crippled social life in the country.

German shares shrugged off a €750 billion stimulus package from Berlin, closing about 2 per cent lower as major car makers face a dual hurdle of production curbs and flatlining demand.

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