Virus fears weigh on European, Asian stocks, but Fed boosts Wall Street


New York (AFP) – European and Asian bourses fell Monday on fears of a second wave of coronavirus infection, while US stocks shrugged off early weakness following fresh Federal Reserve announcements of emergency lending to support the struggling US economy.China shut down all indoor sports and entertainment venues in Beijing and undertook a massive test and trace initiative following a COVID-19 outbreak linked to a wholesale food market in the country’s capital.”More than 100 cases have now been confirmed,” WHO director-general Tedros Adhanom Ghebreyesus told a virtual press conference, adding …

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