US, European stocks plunge, extending rout amid virus fears
European and US stock markets slumped painfully again Thursday as new coronavirus infections spread outside China, exacerbating fears of a global slowdown.
Economy
![US, European stocks plunge, extending rout amid virus fears]()
![FTSE 100 plunges again as Trump fails to reassure investors]()
FTSE 100 plunges again as Trump fails to reassure investors
European shares fell again on Thursday, with travel stocks taking the biggest knock, as a jump in new coronavirus cases outside of China deepened fears of a pandemic that could dent global growth. FTSE 100 has slumped by another 2%.
Markets Plunge, Dow Drops 1,000 Points As Global Coronavirus Outbreak Worsens
S&P 500, Nasdaq fall 3% after steep declines across Europe, Asia; bond yields approach new lowInvestors around the world retreated from stocks and piled into haven assets including government bonds and gold, reflecting escalating worries that the coronavirus will disrupt the global economy.
![Dow Industrials Close 1,000 Points Lower as Coronavirus Cases Mount]()
HSBC to slash investment bank, 35,000 jobs in strategy overhaul
HSBC Holdings PLC (HSBA.L) said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and European businesses in a drastic overhaul that will mean 35,000 jobs cut over three years.
![HSBC to slash investment bank, 35,000 jobs in strategy overhaul]()
IMF boss says global economy risks return of Great Depression
Kristalina Georgieva compares today with “roaring 1920s” and criticises UK wealth gap
![IMF boss says global economy risks return of Great Depression]()
US and China sign deal to ease trade war
The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy.
![US and China sign deal to ease trade war]()
Asian shares at 18-month highs; Nikkei finishes year up 18%
A broad gauge of Asian share markets rose to an 18-month high on Monday as Chinese equities gained, while oil touched three-month highs on a combination of U.S. crude inventory drawdowns, trade optimism and unrest in the Middle East.
![Asian shares at 18-month highs; Nikkei finishes year up 18%]()
Trump says he and Xi will sign China trade deal
U.S. President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to this month.
![Trump says he and Xi will sign China trade deal]()
