Equities on European markets sank in premarket on Friday, continuing poor-trading week following rising concerns over the spreading of coronavirus across the continent.
The death toll from the virus climbed over 2,850 globally while it reached 17 in Italy, European epicenter of the outbreak, with the World Health Organization asserting that the world reached a “decisive point” in the fight against the infection.
The International Monetary Fund (IMF) is considering reducing its outlook for global economic growth amid the coronavirus effect on the global economy. Nevertheless, European Central Bank (ECB) President Christine Lagarde claimed it’s still unnecessary for the central bank to adjust its monetary policy in an attempt to weather the woes caused by COVID-19.
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