Global stock markets wobble on China’s coronavirus woes – Gulf Today

Global stock markets wobble on China’s coronavirus woes – Gulf Today

Most stock markets sink on Monday with investors worried over the impact of China's coronavirus outbreak on the global economy.. "In London, stocks that are connected to China are under pressure.. Oil slips lower - Depressed economic activity in China, the world's largest importer and consumer of oil, has also hit energy prices.. A committee appointed by oil cartel OPEC recommended additional output cuts on Saturday, citing the negative impact of the epidemic on economic activity.. Investors are quite worried about the overly negative impact of the coronavirus on the global economy," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York..