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Coronavirus Update: British PM Tests Positive and U.S. Has Most Cases

British Prime Minister Boris Johnson says he contracted the coronavirus, the U.S. has the most virus cases in the world and American counties will be classified by coronavirus risk level. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Andy Rain/Shutterstock video content 6:56 a.m. March 27, 2020

European stocks and U.S. futures fall as American coronavirus cases climb

European stocks opened lower, tracking losses for U.S. stock futures as investor concern grew over climbing cases of the coronavirus in America. The Stoxx Europe 600 index fell 1.7% to 315.96, with the FTSE 100 index out in front with a 3.1% drop to 5,634.43. Dow Jones Industrial Average stock futures fell 248 points, or 1.1%, to 22,105, while S&P 500 and Nasdaq-100 futures dropped over 1% each. Losses come after the Dow industrials re-entered bull-market territory on Thursday, with a gain of more than 6%, while the Stoxx Europe 600 rose 2.7%. The U.S. now has the most cases of coronavirus in the world, passing China with more than 85,000 cases. 4:32 a.m. March 27, 2020

Oil companies help drive gains for London stocks

London stocks added to the biggest gains since 2008 on Wednesday, with oil companies leading the way higher as investors weighed up a massive stimulus package out of the U.S. 10:48 a.m. March 25, 2020

Europe-MiddleEast Headlines

 - Barbara Kollmeyer/MarketWatch
European stocks climb, then reverse after U.S. lawmakers reach $2 trillion coronavirus aid deal

European stock markets initially posted strong gains on Wednesday before ceding ground after Senate members and lawmakers from the White House administration reached agreement over a $2 trillion stimulus package to shore up the economy against coronavirus.

9:20 a.m. March 25, 2020
Coronavirus Update: Historic Rescue Deal, World’s Largest Lockdown

Lawmakers and the White House reach a deal on a giant stimulus package, Gov. Andrew Cuomo says New York has become the epicenter of the crisis in the U.S., and India puts 1.3 billion people on lockdown. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Patrick Semansky/AP video content

6:39 a.m. March 25, 2020
How China Is Using Soft Power to Rewrite the Coronavirus Narrative

China is sending doctors and medical supplies to Italy and other countries that have been hit hard by the coronavirus. WSJ’s Eric Sylvers in Milan explains how China is using soft power to change perceptions about its handling of the pandemic. Photo: Moura Balti Touati/Shutterstock video content

8:49 a.m. March 24, 2020
 - PA Images via Reuters Connect
Tourist hot spot has ‘busiest weekend in living memory’ as Brits ignore coronavirus advice - Boris Johnson orders U.K. lockdown

Boris Johnson orders U.K. lockdown as Brits ignore the government’s social distancing advice and Snowdonia has ‘busiest weekend in living memory’

5:59 a.m. March 24, 2020
How Coronavirus Rescue Package Differs From Financial Crisis Bailout

As the Senate struggles to pass a coronavirus rescue package, WSJ’s Gerald F. Seib looks at four key differences between this bailout and the one of 2008 and 2009. Photo: Saul Loeb / Getty Images video content

5:30 a.m. March 24, 2020
German DAX futures point to 4% opening drop, tracking sharp fall for U.S. stock futures

European stock futures pointed to sharp opening losses on Monday, tracking a steep fall for U.S. stock futures, as investors reeled from a weekend of grim coronavirus news. As death and infection rates climbed outside of China, news that a U.S. Senate vote on a coronavirus rescue package failed to gain sufficient traction was a notable disappointment. Futures for the German DAX index pointed to a 4% drop at the start of trading, while FTSE 100 futures indicated a 4.6% drop. Dow futures pointed to a 621-point drop at the start of Wall Street trading later, with S&P 500 and Nasdaq-100 futures down 3% and 2.5%, respectively. St. Louis Federal Reserve President James Bullard told Bloomberg News on Sunday that the U.S. unemployment rate could hit 30% in the coming months. More than 300,000 people globally have been infected by the coronavirus and death tolls climbed over the weekend, notably in hard-hit Spain and Italy. And German Chancellor Angela Merkel is reportedly in isolation after coming in contact with a doctor was diagnosed with coronavirus.

3:20 a.m. March 23, 2020
 - Reuters
European stocks trade higher after a week of spending by global central banks and governments to combat coronavirus

European stocks rise Friday, as investors appear willing, for now, to put their faith in vast stimulus moves from central banks and governments to shore up economies against the fast-spreading coronavirus pandemic.

12:18 p.m. March 20, 2020
 - Bloomberg
London stocks rise ahead of coronavirus package announcement, but strong pound limits gains

U.K. stocks tracked gains for global equities on Friday, but were held back a little by a strong pound as investors awaited a coronavirus stimulus package due to be announced by the government.

11:21 a.m. March 20, 2020

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