TOKYO — Global stock markets turned lower on Wednesday amid fears over surging coronavirus cases in various parts of the world.
While economic data is pointing to a recovery from the spring lockdowns that are being eased in many countries, the rise in new contagions is raising concerns that limits might have to be reimposed in some cases on business activity and public life.
Wall Street is expected to slip on the open, with Dow futures down 0.8% and S%P 500 futures trading 0.7% lower. In Europe, France’s CAC 40 slid 1.6% to 4,935, while Germany’s DAX dropped 2% to 12,276. Britain’s FTSE 100 was down 2.2% at 6,182.