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European Markets Retreat as Coronavirus Cases Temper Recovery Hopes
Wednesday, 8 July 2020 14:48 WIB | MARKET UPDATE |Stoxx 600SahamEropa

European markets opened lower Wednesday morning as surging coronavirus cases in parts of the world continue to cast doubt over the prospect of a global economic recovery.

The pan-European Stoxx 600 fell 0.6% at the start of trading, with banks shedding 1.5% to lead losses as all sectors and major bourses slid into negative territory.

The U.S. is nearing 3 million cases and Florida faces an impending shortage of intensive care unit beds, as a majority of states continue to see spikes in new Covid-19 infections.

Meanwhile, the White House has begun the process of formally withdrawing from the World Health Organization as worldwide cases pass 11.8 million. A WHO official said Tuesday that it shouldn™t œbe a surprise if coronavirus deaths start to rise again.

Source : CNBC

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