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Mon May 4, 2020, 02:32 AM

European stock futures drop as U.S., China spar over virus origin

Source: reuters

(Reuters) - European stock index futures tumbled on Monday, as investors returned from a May Day break to a fresh spat between the United States and China over the coronavirus crisis.

Euro STOXX 50 futures STXEc1 fell 2.9% by 0644 GMT, suggesting a downbeat start in May after the STOXX 600 recorded a 6% gain in April.

U.S. Secretary of State Mike Pompeo said on Sunday there was “a significant amount of evidence” that the new coronavirus emerged from a Chinese laboratory, ratcheting up tensions with the country after last week’s warning from President Donald Trump of retaliatory measures against China over the pandemic.

Read more: https://www.reuters.com/article/us-europe-stocks/european-stock-futures-drop-as-u-s-china-spar-over-virus-origin-idUSKBN22G0HZ



They aren't so concerned with markets when they have a chance to shirk responsibility with debunked conspiracy theories.

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