Stocks drop as Trump's Europe ban fans recession fears

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Losses on European markets deepened this morning as investors were rattled by dramatic travel restrictions imposed by US President Donald Trump in an attempt to halt coronavirus

The news came after the World Health Organization officially labelled the outbreak a pandemic and hit out at "alarming levels of inaction" for its spread.

Asian equity markets, already deep in the red in reaction to the WHO announcement, also sank after Trump's address. Manila crashed almost 10% after it emerged Philippines President Rodrigo Duterte would undergo a precautionary test for the virus.

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Well at least he is putting his people first unlike the irish government who is putting money first

People before profit.

Major ression on way

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