European stocks fell sharply Friday morning as the coronavirus outbreak keeps impacting businesses worldwide.
The pan-European Stoxx 600 tumbled 1.5% at the start of trading, travel and leisure stocks shedding 3.2% to lead losses as all sectors and major bourses slid into the red.
Global stocks have been hit by ongoing concerns over the outbreak. In Asia, equities traded mostly lower, with the main Japanese market down by more than 3%. Stateside, 78% of S&P constituents closed in correction territory on Thursday.
Meanwhile, the U.S. 10-year treasury yield – which serves as a benchmark for mortgages and other loans – has hit a record low Friday morning. Bond yields have tumbled this week as investors began pricing in further central bank action.
Source: CNBC