Global stocks drop as reality over surging Covid-19 bites
Asia suffered its biggest drop in eight sessions and Wall Street S&P 500 futures buckled, with markets anxious ahead of new US jobless data
25 June 2020 - 12:21
London/Singapore — World stocks spluttered to their lowest level in more than a week on Thursday, as a surge in US coronavirus cases and an International Monetary Fund (IMF) warning of a nearly 5% plunge in the global economy this year hit the bulls again.
Asia had suffered its biggest drop in eight sessions overnight and Europe’s Stoxx 600 fell almost 1% to add to the 3% drubbing it had taken the previous day, albeit following a red-hot few months...
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