Global stocks lost $ 3 trillion in value in 4 previous sessions, with growth expectations low and companies warning of declining profits due to the Corona virus.
According to Al-Bayan, economist Mohammed Al-Arian warned against Corona's impact on the US stock market after a wave of losses in the past few days.
The US stocks compensated during yesterday's trading, part of its losses made over the past two days, as markets watched for Corona's developments, and awaiting the press conference that US President Donald Trump will hold later to talk about the virus.
The Dow Jones rose by 1.17% or about 317 points to 27398 points, and the Nasdaq rose by 1.8% to trade at 9126 points, and the Standard & Poor's index rose 1.4% to 3171 points. For its part, European shares fell for the fifth straight session in what investors fear the impact The growing Corona virus is rapidly spreading, prompting companies around the world to warn about the results.
The Stoxx 600 index declined by 0.6%, recording 402 points, to record the first losses in five consecutive days since July 2019, and the British FTSE Index fell 0.5% to record 6979.8 points. The French CAC fell 0.6% to 5,653.9 points, and the German DAX fell 2% to 12,790.5 points.
The Italian FTSE MPI index fell by 0.5%, to start trading at 22973.9 points. During the same period, the euro held steady against the US dollar at $ 1.0879.
British liquor maker Diago fell 1 percent after it indicated estimates that the virus would cut 2020 profits by 200 million pounds.
Japanese stocks continued to lose yesterday, to close at the lowest level in more than four months, and the Nikkei index fell 0.79 percent to 22426.19 points, the lowest closing level since October 15, 2019, although the index reduced most of the losses incurred in early transactions to close above A major support level, which is the 200-day moving average at 22,169 points.
