Second time in a week stock trading in the U.S. closed Wednesday fall on fears caused by the reclassification of the outbreak COVID-19 pandemic.
On the new York stock exchange U.S. Dow Jones industrial average fell by 5.86%, which is 20% below the record set last month. The Nasdaq fell 4.7%, but most of all, the stocks of companies that organize cruises and excursions.
In the "red zone" were closed on Wednesday and European stocks. The major indexes went into decline, reacting to incoming information about the further spread of the coronavirus in Europe.
Britain's FTSE 100 fell by 1.52%, France's CAC 40 gained 0.57 percent, Germany's DAX down 0.37 percent.
But trading on the Milan stock exchange for the first time in two weeks ended in a positive field. The main FTSE MIB index, after Wednesday rose 0.33% and almost returned to the level of 18,000 points after steady declines.
Informed the Bank of England unexpectedly cut its benchmark rate by 50 points to 0.25%. Traders await the meeting of the European Central Bank (ECB), which will be held on Thursday.
According to a Wednesday morning in 114 countries confirmed 118 thousand cases of infection with coronavirus and 4 291 people died. Thousands of the infected are in critical condition and fighting for life in hospitals around the world.
"We are extremely concerned at the prevalence of the disease and its severity, as well as the lack of appropriate actions," - said the head of the world health organization, Dr tedros adhanom Ghebreyesus.
Mankind's first encounter with a pandemic caused by a coronavirus. However, this is the first pandemic, which lends itself to containment measures.
UN Secretary-General, antónio Guterres, called on all countries to heed the recommendations of the who and join together to stop the spread of the disease, without falling into panic.
Pandemic is the spread of a new disease on a global scale. For example, a flu pandemic occurs when a new influenza virus and is distributed worldwide, and the majority of people do not have immunity to it. The viruses that caused previous pandemics typically originated from influenza viruses of animals.