* Europe's STOXX 600 slumps 0.9% * Virus toll rises, WHO to rethink declaring emergency
* Europe’s STOXX 600 slumps 0.9%
* Virus toll rises, WHO to rethink declaring emergency
* Economists slash China progress forecasts
* U.S. yield curve inverts as safe-haven belongings sought
* Oil falls over 2%
* BOE retains charges regular; press convention due at 1230 GMT
* Sterling rises 0.5% vs. greenback
* World FX charges in 2020 http://tmsnrt.rs/2egbfVh
(Updates costs all through)
By Tom Wilson
LONDON, Jan 30 (Reuters) – Shares the world over tumbled
on Thursday because the loss of life toll from a virus spreading in China
reached 170, forcing airways to chop flights and shops to shut
because the potential financial hit from the outbreak got here into focus.
The MSCI world fairness index , which tracks
shares in 49 nations, fell 0.5% as European shares adopted
Asian indexes into the crimson, stoking demand for the perceived
safety of safe-haven belongings from bonds to gold and pushing oil
down 2%.
Europe’s broad STOXX 600 fell 0.9%, with indexes in
Frankfurt and Paris down 1.2% and 1.4%
respectively.
Shares in London fell 1.2%, extending losses because the
pound climbed in opposition to the greenback after the Financial institution of England stored
rates of interest unchanged. [nU8N1A4002]
Disappointing earnings and buying and selling updates weighed additional
on blue-chip shares, including to the gloom….