Increasing worries over the spread of the coronavirus took a swipe at world markets on Friday, though that wasn’t going to stand in the way of the best week for stocks since June and the strongest for the dollar since August. Europe’s trading day began with stocks down and safe-haven government bonds up, a pattern that had been set in Asia where the death toll from the virus in China has more than doubled in less than a week.
A $400 billion wipe-out on Monday, poised Shanghai for its worst week in eight months. But the other Asian indexes are ahead and the pan-European FTSEurofirst were heading for their best week since late 2016.
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