Markets lower, COVID-19 cases “growing exponentially”

Markets were mostly lower on Monday.

The S&P 500 dipped less than 1 point to 4,127.99, the STOXX Europe 600 fell 0.5 percent and the Shanghai Composite fell 1.1 percent.

While most economies are expected to recover in the coming months, the threat from COVID-19 remains great.

The World Health Organization said on Monday that the coronavirus pandemic is now “growing exponentially”, with more than 4.4 million new Covid-19 cases reported over the last week.