ECONOMIC DECLINE

ECONOMIC DECLINE

1. ASIAN

   • Asian stocks fell in China as there was a private survey in which Chinese manufacturing expanded slightly

2. EUROPE

   • In Europe, travel stocks declined as banks fell after UK lenders announced they would cut dividends in 2020 following pressure from the Bank of England.
   • Europe, Swiss retailer Dufry fell 19% to the bottom of the European first-class index, while cinema operator Cineworld lost more than 17%.

3. UNITED STATES

   • In the United States, markets assimilated U.S. comments on Tuesday when President Donald Trump prepared Americans for a surge in coronavirus cases. White House officials are projecting 100,000 to 240,000 deaths in the United States from coronaviruses in the next two weeks.