Nigeria confirms first coronavirus case in sub-Saharan Africa

Politics | Sarah Smith

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Stocks stabilized globally along with oil after the deepest equity rout since the great financial crisis, while bonds and haven currencies gave back some of their exceptional gains from Monday.

Shares rose in Europe and Asia alongside U.S. index futures. The weak reversals came in the wake of the OPEC+ alliance collapsing just as governments worldwide struggled to contain the coronavirus, and few gauges came close to retracing even half of their historic tumble notched hours earlier. The Stocks Europe 600 Index opened higher, while S&P 500 Index futures gained almost 3%, after the benchmark’s near 8% plunge Monday.

Equities rose in Hong Kong and Shanghai while they also closed higher in Japan after recovering from a 4.2% slide earlier. Brent crude regained less than $2 a barrel of its $10.91 crash on Monday. The yen slid alongside the Swiss franc. Ten-year Treasury yields recouped roughly half of yesterday’s tumble.