LONDON/TOKYO (Reuters) – Worldwide stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a quick world financial return from the pandemic.
SUBMIT IMAGE: A street cleansing operative strolls past the London Stock market Group building in the City of London monetary district, whilst British stocks tumble as financiers fear that the coronavirus outbreak might stall the international economy, in London, Britain, March 9,2020 REUTERS/Toby Melville
Beijing, struck in current days by its biggest number of infections given that early February, has brought its latest coronavirus break out under control, a Chinese medical professional stated on Thursday.
Numerous U.S. states consisting of Oklahoma, where President Donald Trump prepares a project rally on Saturday, reported a surge in brand-new coronavirus infections.
The everyday count of infections also hit a brand-new criteria in California and Texas, while around 400 employees tested positive for the infection at an abattoir in northern Germany, triggering the closure of regional schools.
” We were stressed over a 2nd wave and you are seeing worrying signs in some states in the U.S., some flare-ups in Germany and China,” Justin Onuekwusi, portfolio manager at Legal & General Financial Investment Management.
” It’s going to be a theme where we see economies having to do mini-lockdowns and isolation measures in order to include the infection. The concern is just how much it affects markets.”
MSCI’s broadest index of World shares.MIWD00000 PUS was 0.2%lower. The pan-European STOXX 600 was 1.1%lower, as its rally ea