(Bloomberg) — European stocks and U.S. futures slumped as a resurgence in virus cases in Tokyo, Germany and the American South sharpened concern about the pace of economic recovery.
The Stoxx Europe 600 Index fell the most in a week with losses across all major industries. Oil and copper retreated, while the dollar steadied. Austria is selling another 100-year bond, locking in historically low borrowing costs from investors who have few alternatives for debt yielding more than 0.5%.
Sentiment in markets is turning more negative on concern that the spreading virus could force policy makers to slow or reverse the