World stock markets should fall further on Monday after a record contraction in China’s manufacturing and service sectors because of the coronavirus outbreak, illustrating the massive potential economic impacts of the epidemic for the rest of the globe. The outbreak has already caused massive disruptions in industry, led U.S. equities to suffer their worst weekly selloff since the financial crisis and knocked trillions off the market value of global stocks. The first proper glimpse of how much economic damage the outbreak has inflicted so far came from China, the world’s second-largest economy where the epidemic began. …read more
Source:: Yahoo Finance
