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Global market sentiment has declined ahead of the latest US jobless claims data that is expected to show a massive spike in unemployment claims after businesses stateside shut down in an attempt to slow the spread of coronavirus.
Some experts suggest record unemployment numbers in the US, with Citi as the most bearish, projecting roughly four million claims.
The pan-European Stoxx 600 dropped 1.5 percent in early trade on Thursday, with basic resources tumbling 2.7 percent to lead losses as all sectors and major bourses plunged into negative territory.
Britain’s FTSE 100 index shed almost three percent at the opening bell in London. France’s CAC 40 is down by 2.4 percent, while Germany’s DAX slid 219 points or 2.3 percent.
Asia Pacific markets also stumbled earlier in the day, with Japan’s Nikkei closing down by almost five percent.
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In This Story: Covid-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.