Stocks slump on Fed comments, fears of second coronavirus wave

, and Compass are all in the line of fire if the push to reopen economies reverses and lockdowns return."Meanwhile, London's benchmark FTSE 100 index shed 1.5% as official data showed theThat was the worst quarterly slump since the depths of the global financial crisis in 2008, although the figure was better than analysts' expectations of a 2.5% contraction.

Asian equities fell again after US President Donald Trump's top coronavirus advisor warned Tuesday, May 12, that easing lockdown measures too earlySentiment was also dented after lawmakers in Washington on Tuesday proposed giving the president powers to impose fresh sanctions if Beijing does not give a"full accounting" of the coronavirus outbreak.

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