Stock market news: Coronavirus case surge and IMF data spooks traders - Business Insider

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Global stocks wobble as coronavirus cases surge and a 'harsh dose of COVID-19 reality' hits investors

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Stocks wobbled on Thursday as investors were spooked by a "stunning" rise in coronavirus cases and the International Monetary Fund's further diminished world economic outlook this year."The harsh dose of Covid-19 reality capped a lousy night for the US, and by association, world markets," a senior Asia Pacific market analyst at OANDA said.

Futures tied to the S&P 500 fell 0.3%. European indexes reversed early losses as the pan-continental Euro Stoxx 50 rose 0.3%, and Germany's DAX rose 0.4%. Case counts also rose abroad in New Zealand, Australia, Germany, South Korea, and China adding to a "harsh dose of COVID-19 reality" that capped the previous day's global stock market decline, said Jeffrey Halley, a senior market analyst at OANDA.

 

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