Stocks slide on Apple’s virus warning, euro near three-year low
4 years, 10 months ago

Stocks slide on Apple’s virus warning, euro near three-year low

Al Jazeera  

China reported its lowest daily death toll in a week, but WHO says the data should be viewed with caution. China reported its fewest new coronavirus infections since January and its lowest daily death toll in a week, but the World Health Organization said data suggesting the epidemic had slowed should be viewed with caution. Gold climbed more than 1 percent to a two-week high as investors sought safety in the wake of Apple’s warning, and the price of Brent, the global crude benchmark, fell below $57 a barrel. Equity markets around the world fell, with MSCI’s all-country world index slipping 0.72 percent. “It’s having a global impact on supply chains and shipments – this will have a negative impact on growth expectations.” Overnight in Asia, China’s CSI300 blue-chip stocks index lost 0.5 percent after gaining sharply on Monday, encouraged by a central bank rate cut and government stimulus hopes.

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