Global Markets: Stocks rally falters as virus and trade nerves linger

Global Markets: Stocks rally falters as virus and trade nerves lingerEurope’s share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China’s economy helped limit worries about a potential second wave of coronavirus infections. The mood was decidedly fragile, with five new virus cases in Wuhan – the original epicentre of the outbreak – renewed trade tensions and a tussle over negative U.S. interest rates all part of the mix. London’s FTSE, Frankfurt’s DAX and Milan and Madrid clawed higher early on, but France’s CAC40 and Wall Street S&P 500 futures were stuck in the red after Asia had struggled overnight too.

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