European stocks headed for lower open despite coronavirus slowdown in China

  • 📰 CNBC
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

European markets are expected to open lower on Thursday despite a slowdown in the spread of the coronavirus in China that's helped other markets to advance.

Asian counterparts,

where stocks advanced Thursday on hopes that the coronavirus outbreak could be slowing amid a decline in the number of new cases of the virus, and from extra stimulus measures from China. As of February 19, China's National Health Commission reported an additional 114 deaths from the virus, and 394 new confirmed cases. That brings the total deaths in the mainland to 2,118 and the confirmed cases to 74,576 cases. The number of new cases was drastically lower than the 1,749 reported the day before. It came a day after Beijing altered its previous diagnosis protocol.to mitigate the economic impact of the coronavirus outbreak.

Oil prices also rose nearly 1% on Thursday, extending gains from the previous session as concerns over possible supply disruptions and a decline in demand were allayed with the sharp drop in new coronavirus cases. In other news, a man suspected of fatally shooting nine people in the German city of Hanau was found dead at his home early Thursday, the Associated Press reported,

 

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

the stock market moves by psychology, not reality.

What fucking slow down? If y'all keep pushing Chinese propaganda..., when the global pandemic reaches ur studios, I hope you all cry in irony and no one comes to help.

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:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines