European, US stocks resume slide as coronavirus spreads, oil drops below US$50

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

NEW YORK: European and US stock markets resumed their downward slide on Thursday (Mar 5), while Brent oil prices slid below US$50 a barrel for the ...

NEW YORK: European and US stock markets resumed their downward slide on Thursday , while Brent oil prices slid below US$50 a barrel for the first time since 2017 as global markets communicated more distress over the coronavirus.Advertisement

Across the world, 3,345 people have died from the virus and there have been 97,510 infections in 85 countries and territories.US economic data thus far has not shown much of a hit from the coronavirus, but the market fears what is coming down the road. Among US shares, United Airlines, American Airlines and JetBlue all sank more than 10 per cent, while planemaker Boeing and airplane engine manufacturer United Technologies also fell sharply.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines