European stocks were up slightly in early trading on 19 March 2020, as investors took heart from efforts by officials in the United States and Europe to shore up the world economy.

The European Central Bank said it would embark on an enormous wave of bond purchases intended to counter the “serious risks” to the eurozone caused by the coronavirus pandemic.

 Image: REUTERS/China Daily

17 Feb 2020

Rosamond HuttSenior Writer, Formative Content

   

As the world grapples with the coronavirus, the economic damage is mounting with the OECD warning the virus presents the biggest danger to the global economy since the financial crisis.

As outbreaks spread outside China, spiking in Italy and South Korea, investors are growing increasingly concerned about a global economic slowdown.

 

The country, preparing for trade talks with Brussels, is vowing to break with European Union rules. But that could wall off a vast market for its exports.

Most of British industry, is intimately intertwined with Europe, selling its wares to companies that send exports there. Last month, Britain officially left the ranks of the European Union. In the next few weeks, negotiators plan to begin hashing out a deal governing future trade across the English Channel. The positions staked out by the British government pose perils for businesses that depend on Europe for sales and parts.

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