Friday, 24 January 2020

Markets mixed, WHO says China virus outbreak not yet a global health emergency

Markets were mixed on Thursday.

The S&P 500 rose 0.1 percent but the STOXX Europe 600 fell 0.7 percent and the Nikkei 225 fell 1 percent.

Worries about the China virus outbreak worsened after Beijing quarantined two cities but the World Health Organization said it is not declaring the outbreak a global health emergency yet.

The European Central Bank concluded its monetary policy meeting on Thursday with no change in interest rates.

It also launched a strategic review that will encompass “quantitative formulation of price stability, monetary policy toolkit, economic and monetary analyses and communication practices”.

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