Coronavirus: FTSE 100 plunges as 'second wave' fears break global stock market values

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 67%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Market analysts cited a new flight from risk after it emerged over the weekend that authorities in China had closed a popular food market in Beijing following a spike in COVID19 cases

The revelation built on investor worries last week about infection numbers in the United States - the world's largest economy ahead of China - that was also reflected in market values.

Michael McCarthy, chief market strategist at CMC Markets, said in a note:"Reports of a new COVID-19 lockdown in Beijing speak directly to market fears that the measures taken to contain the virus so far are not enough."Japan's Nikkei was 3% down while all the major stock markets in Europe registered losses at the open with the CAC in Paris, German DAX and Spanish IBEX all down close to 3%.

The FTSE fell more than 2% in a broad-based sell-off though values later recovered some poise Europe-wide heading towards midday with all the major bourses down by around 1%.

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:

 /  🏆 35. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FFS, what the hells going on in China-whatever it is, its out of control and being kept secret. Governments across the world should protect humanity with an immediate and total blockade on all humans and goods leaving this disease-infested country with NATO military enforcement.

This is why waiting on vaccines is such an ineffective way to fight virus outbreaks. So each time a new virus ravages the population hundreds of thousands must die before vaccines are found.Time scientists step up and rise to challenge this absurdity.Effective treatment now....

А вы с этим согласны?

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fears of second coronavirus wave in China after outbreak at Beijing food marketMarket shut and nearby residents put into lockdown after virus found on salmon board and 40 other samples Ching Chong China need to be isolated from the rest of the world! Gang Raped At 6 Years😭💔. Lets Help Heal Angellina..💔💔💔💔 Click to Donate: Kindly R.T😪
Source: The Independent - 🏆 80. / 59 Read more »

Stocks fall on new outbreak fears, as shops in England reopen - business liveGlobal stocks fall as investors fear that a fresh wave of Covid-19 may be on the horizon, just as lockdowns start to ease ' HeardImmunity🦻 TwinTwits♊️ 💥 🗣️RetweetSVP🙏🗣️ . ' HeardImmunity🦻 TwinTwits♊️☠️ 💥 🗣️RetweetSVP🙏 .
Source: The Guardian - 🏆 84. / 53 Read more »