LONDON/TOKYO (Reuters) – Worldwide stocks and oil prices fell on Wednesday as fears about a 2nd wave of coronavirus infections grasped monetary markets.
FILE PICTURE: An investor takes a look at his mobile phone in front of a board revealing stock info at a brokerage office in Beijing, China January 2,2020 REUTERS/Jason Lee
Investors, many dealing with steep losses due to the pandemic-driven shakeout in properties over the past few months, have actually likewise needed to compete with renewed U.S.-China trade tensions.
MSCI’s index of international shares was down 0.3%. The pan-European STOXX 600 index slipped 1.6%. Banks acted as the drag after a variety of unfavorable updates.
Shares in Deutsche Bank fell 4.4?ter it was reported that leading managers will waive one month of fixed pay in an effort to cut expenses, while fellow German lending institution Commerzbank and the Netherland’s ABN Amro plunged following first quarter losses.
” Earning season is largely behind us and we have entered the phase two of COVID-19 as deconfinement of economies begins, and that is creating a great deal of uncertainties daily, which is weighing on markets,” said Francois Savary, primary investment officer at Swiss wealth mana