Stocks tumble as coronavirus fears overpower stimulus efforts | Markets Insider

European stocks and US futures fell on Thursday as coronavirus fears outweighed stimulus efforts.

US lawmakers approved $8 billion, Chinese finance ministers allocated $16 billion, and the International Monetary Fund earmarked $50 billion to combat the epidemic. Rate cuts and government cash may not prevent coronavirus from disrupting businesses and supply chains, eroding consumer demand, and weakening global growth.

"Investors have stopped backing riskier assets once again as they lose their optimistic side regarding the coordinated action of central banks around the globe," one analyst said.European stocks and US futures dropped on Thursday as investors were swayed more by coronavirus fears than stimulus efforts.infected more than 95,000 people

, killed close to 3,300, and spread to more than 80 countries. The outbreak has forced workers and consumers to stay home to avoid transmitting the illness to others, disrupting businesses and supply chains and weakening consumer demand. As a result, coronavirus threatens to

CoronaVirus has shaken the World market place , most impacted is the Pharma industry ,

Fuck yea !

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