thenews.com.pk 22 Sep, 2020 03:45 am

World stocks tank on fears of second coronavirus wave

World stocks tank on fears of second coronavirus wave
London: World equity markets tanked on Monday, losing around three percent as investors fretted over mounting fears of a second wave of coronavirus and a lack of fresh central bank stimulus, dealers...

Business September 22, 2020 London: World equity markets tanked on Monday, losing around three percent as investors fretted over mounting fears of a second wave of coronavirus and a lack of fresh central bank stimulus, dealers said."The move followed mixed trading in Asia and matched similar-sized drops on other European exchanges as investors weigh concerns around a new wave of coronavirus infections and fears that central banks are not immediately coming to the rescue with a fresh round of stimulus.as the FTSE 100 fell sharply below the 6,000 (points) mark," remarked investment director Russ Mould at online broker AJ Bell.The banking sector was also rocked by the findings of an international journalism investigation that claimed massive sums of allegedly dirty money have flowed for years through some of the world´s largest banking institutions.

0 percent after Health Minister Matt Hancock warned Britain´s coronavirus crisis was at a "tipping point", fuelling expectations of more restrictions aimed at curbing Covid-19 as government experts said cases could mushroom.3 percent shortly after opening bell.

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