LONDON, July 14 — World stock markets fell today as fears resurfaced over a spike in coronavirus infections around the world, dealers said, but London losses were limited despite grim UK economic output data, dealers said. In Europe, Frankfurt stocks dived 1.5 per cent and Paris shed 1.8 per...
Emergency workers prepare to help residents on day four of a lockdown, amid the Covid-19 outbreak, in Flemington, Melbourne July 8, 2020. — Reuters pic
London traded only a shade lower as the British pound slid on official data showing that the virus-plagued UK economy shrank by almost a fifth in the three months to April. In Asia, Hong Kong fell more than one per cent, Shanghai dropped 0.8 per cent and Tokyo lost 0.9 per cent, after a Wall Street rally fizzled yesterday on more Covid-19 troubles in the United States.
“The shutdown fuels fears that the growing number of coronavirus cases will hamper the fragile economic recovery. After hitting lows in March, markets have been surging thanks to government support and optimism that the world economy will bounce back as crippling lockdowns are eased.
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