- Signs of a protracted economic slump led to a global selloff; US futures faltered
- Dollar softens
Equities in Europe slumped on Wednesday, for the second day, while US futures for the , , and fluctuated, after data on rising cases of COVID-19 around the world signaled there’s still a long road ahead for a true global economic and pandemic recovery.
The dollar fell and gold jumped. Oil continues to hover around the $40 level.
Global Financial Affairs
US futures were down at the time of writing, in a volatile session, as contracts continue to be exchanged between traders who want out and those who still believe there’s more upside for equities.
The Index opened lower, dragged down by energy companies and banking firms, as the continued rise in confirmed coronavirus cases—currently at 11.8 million globally and more than 544,000 fatalities—dispelled the outlook for a V-shaped recovery.
London-listed HSBC Holdings (LON:) dropped 3.5% after that President Donald…