Global stocks plunge despite a historic $900 billion US stimulus package deal as threat of new virus strain in the UK casts gloom
Companies, agencies, institutions, etc
Insider Inc.
GmbH (Imprint
|
REUTERS
Nasdaq
UBS Global Wealth Management
AMERICA
British Airways'
IAG
Carnival
Rolls-Royce
Hang Seng
equities."We
People
NYC |
Brendan McDermidGlobal
Votes
Paul Donovan
Brent
Mark Haefele
Groups
Americans
Asian
Physical locations
No matching tags
Places
No matching tags
Locations
US
UK
2.4%.The
England
London
Britain
Germany
Tui
China
Shanghai
Japan
Hong Kong's
Events
No matching tags
Summary
The additional unemployment benefits in the first quarter may reduce fear of unemployment, lowering precautionary savings, he said.Despite congressional leaders clinching a deal after months of negotiations, the quick spreading of a new coronavirus strain in southeastern England spooked markets as parts of England including London entered a strict lockdown right before the holidays.Read more: BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021Early analysis in the UK suggests the new strain is up to 70% more transmissible than the original virus, prompting multiple countries to bar flights from the UK during an ordinarily busy Christmas season.Britain's FTSE 100 fell 3%, the Euro Stoxx 50 fell 3.6%, and Germany's DAX fell 3.6%.
As said here by Shalini Nagarajan