Stocks open lower on Wall Street as investors see new coronavirus cases in the U.S. surge to their highest level in two months.
A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, June 24, 2020. Asian shares were mostly higher on Wednesday with another mood boost from Wall Street, but fears persist over the surge in coronavirus cases in parts of the world.
Wall Street is expected to slip on the open, with Dow futures down 0.8% and S%P 500 futures trading 0.7% lower. In Europe, France’s CAC 40 slid 1.6% to 4,935, while Germany’s DAX dropped 2% to 12,276. Britain’s FTSE 100 was down 2.2% at 6,182. “The recent acceleration in infections has rekindled concern that governments will be forced to shut down their economies once again, squandering the chance for the much-hoped-for economic bounce back,” he said in a report.
New coronavirus cases in the U.S. have surged to their highest level in two months and are now back to where they were at the height of the outbreak.
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