Premarket: World stocks pause before key EU meeting on coronavirus aid

This translation has been automatically generated and has not been verified for accuracy.Caution gripped markets on Thursday, with stocks falling before a key Euro group meeting to discuss joint stimulus measures, offsetting optimism from a fresh round of U.S. coronavirus aid and a recovery in oil prices.

Adding further pressure were business activity surveys in the euro zone that showed economies suffered massive blows from the coronavirus outbreak and measures to contain it. “Frankly, if we saw a full agreement today that would be a surprise, but progress and something that Italy can sign up to will be the key,” Jim Reid, a strategist with Deutsche Bank, said.

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