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Global stocks mixed as China virus worries deepen

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European shares and U.S. futures were higher after another day of losses in Asia on Tuesday as worries deepened over the expanding outbreak of a new virus in China.

France's CAC 40 rose 0.5% to 5,894.94 , while Germany's DAX rose 0.4% to 13,258.01. Britain's FTSE 100 was up 0.4% at 7,443.00.

The illness can cause pneumonia and other severe respiratory symptoms, and Chinese authorities have extended the Lunar New Year holiday and ordered Wuhan and some other cities nearby to stop public transport and try to prevent people from travelling to help contain its spread. "How long and how deep the correction lower will last, depends both on the success of China's efforts to control the viral spread, and the prevalence of its occurrence internationally," Jeffrey Halley of Oanda said in a commentary.

 

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