Global stocks tank as investor fears of a second wave of coronavirus surge, driving 'riskier assets out of love'
As well as seeing a surge in virus cases, China also reported mixed economic data Monday.
"In short, even with a 'build it and they will come' attitude, and even with the virus"having been beaten", it still looks like China's Q2 GDP will be negative [year-on-year]," added Rabobank's analysts. The bearish sentiment fed into both US and international oil markets. WTI was down as much as 5% in earlier trade, although it had rebounded by late morning in Europe.
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