European stock index futures fell more than 5% on Wednesday as fears over the relentless global spread of the coronavirus overshadowed sweeping U.S. stimulus measures to support businesses and contain the economic damage from the pandemic.
Euro Stoxx 50 futures STXEc1 were down 4.6% at levels last seen in 2012, and falling for the ninth time in 10 days.
German DAX futures FDXc1 tumbled 4.5%, while French CAC futures FCEc1 and London’s FTSE 100 futures FFIc1 were off 4.5% and 4.6%, respectively.
European investor sentiment has been crushed over the past month as some countries in the bloc imposed national lockdowns to halt the spread of COVID-19, the disease caused by the novel coronavirus.
Italy’s prime minister on Tuesday declared the virus was causing a “socio-economic tsunami” as European leaders agreed to seal off external borders.
S&P 500 e-minis EScv1 fell 3.69% to hit their daily down trading limit.
Latest Stories
-
Election security rests solely with the police – Central Regional Police Command
1 min -
NCCE engages political youth activists at Kumbungu on tolerance
2 mins -
‘In Mahama’s era students lacked chalk, but are now receiving tablets’ – Bawumia
11 mins -
Project commissioning not a ploy to attract votes – Oppong Nkrumah
13 mins -
CBG records GH¢1bn revenue in Q3
16 mins -
Mahama vows to create an agro-processing zone in Afram Plains
30 mins -
Political parties should plan for losses, not just wins – IGP advises
31 mins -
524 Diasporan Africans granted Ghanaian citizenship in ceremony
33 mins -
Mahama urges Afram Plains North residents to avoid ‘skirt and blouse’ voting
35 mins -
Asantehene receives more 19th century gold ornament and regalia
42 mins -
Hohoe Ghana Blind Union organises training for members ahead of Election 2024
48 mins -
Alan Kyerematen reveals his future plans for Ghanaian Health professionals
49 mins -
AAIN empowers women and small enterprises in Upper East Region through SHINE project
50 mins -
Akufo-Addo leads nationwide commissioning of 80 educational projects
57 mins -
Ghana and Seychelles strengthen bilateral ties with focus on key sectors
1 hour