⁍ The United States has seen its highest-ever number of new COVID-19 cases in the past two days.
⁍ No clear progress on a U.S. stimulus package and caution before the Nov. 3 U.S. election dragged the MSCI world equity index down 0.3%.
– The MERS-CoV virus is surging in Europe, with France reporting its highest-ever number of cases yesterday, as Spain declared a state of emergency and Germany reported its first fall in business morale in six months. “The decreasing likelihood of US fiscal stimulus pre-election, possibly even pre-year-end, as well as worsening virus numbers and increasing lockdown measures, all seem to be taking the shine off what was a rather complacent market view of the outlook,” one investment director tells Reuters.
Source: https://www.reuters.com/article/global-markets/global-markets-stocks-dip-on-surging-virus-cases-stimulus-doubts-idUSKBN27B02D