News > Global Stocks Sink As Coronavirus Lockdowns Loom

Global Stocks Sink As Coronavirus Lockdowns Loom

European shares fell 2.8% to their lowest since late May as Germany and France prepared to announce restrictions approaching the level of last spring’s lockdowns, as COVID-19 deaths across Europe rose almost 40% in a week. Concerns over the second wave of infections played out in currency and bond markets, too, with the euro slumping 0.6% against the dollar to $1.1736.

Wall Street futures pointed to losses for U.S. stocks of 1.1% to 1.8%.