World markets hit a wall as risk rally enters a rough patch
The World Bank says advanced economies are expected to shrink 7.0% in 2020, while emerging-market economies will contract 2.5%
London — Stock market bulls were forced to a halt on Tuesday and high-flying currencies such as the euro and Australian dollar lost altitude, as a weeks-long risk rally ran into some turbulence.
It all seemed so sudden. Asian equities had scored their ninth day of gains after landmark highs by Wall Street on Monday, but Europe’s big markets opened with a 0.5% to 1.5% lurch into the red...