European markets seen fractionally lower on coronavirus fears, U.S. stimulus impasse
hovered around the flatline at the start of trading, with retail stocks adding 1% while chemicals dropped 0.7%.
U.S. Senate Majority Leader Mitch McConnell unveiled Senate Republicans' proposed $1 trillion coronavirus aid bill on Monday, but Democrats have criticized the package's limitations compared to a $3 trillion proposal that passed the House of Representatives in May. Complicating matters further, President Donald Trump on Tuesday voiced disagreement with some aspects of the bill, though talks are continuing.
Tuesday was the second consecutive day that the U.S. reported more than 1,000 fatalities, while China reported 101 new cases of Covid-19 on Wednesday, its sharpest daily increase for more than three and a half months. has warned that the city faces an outbreak that could lead to the "collapse" of its hospital system, with 106 new cases reported Tuesday. In France, confirmed cases rose to 183,804 from 183,079 on Monday.
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