Markets slide as disastrous economic data builds up – live updates

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4) Commercial activity is plunging at an “unimaginable” rate due to the locking of the coronavirus. Economic activity in Britain and the eurozone has reached record levels as coronavirus containment measures shut down businesses

5) Look: What damage is Covid-19 doing to the global economy? In this video, we explore the challenges of this crisis. And ask yourself, what are the implications of a global economy that has become increasingly interconnected in a pandemic?

What happened overnight

Asian stocks and US stock futures fell on Friday, spurred by doubts about progress in developing drugs to treat Covid-19 and new evidence of US economic damage caused by the coronavirus pandemic.

The largest MSCI Asia-Pacific equity index outside Japan fell 0.4 pc. The American equity futures, the S&P 500 e-minis, lost 0.72 pc.

Stocks in China, where the coronavirus first appeared at the end of last year, fell 0.25 pc.

The gauge of MSCI shares around the world lost 0.23 pc.

In Japan, the shares of the Nikkei index fell by 0.86 pc and those of South Korea fell by 0.76 pc.

Australian equities reversed the trend, increasing by 0.4 pc due to gains in the energy and resources sector.

US crude oil climbed 3.94pc to $ 17.15 a barrel, while Brent crude rose 3.09pc to $ 21.99 a barrel in Asia, as some oil producers said they would offer production reductions.

Coming today

Full year: Rotork

Economy: GfK consumer confidence (UK), durable goods orders (US)



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