NEW YORK/LONDON (Reuters) – Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.
Traders wear masks as they work on the floor of the New York Stock Exchange in response to the outbreak of the coronavirus disease (COVID19) in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson
The daily count of infections hit a new milestone in California and Texas, while around 400 workers tested positive for the virus at a slaughterhouse in northern Germany, prompting the closure of local schools.
A Chinese medical expert, meanwhile, said Beijing has brought its recent outbreak under control.
U.S. Treasury yields fell and crude oil rose as worries about fuel demand following the rising coronavirus cases were offset by U.S. government data showing lower inventories…
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