The US stock market indices witnessed the worst decline in weeks, with increasing concerns about the economy being negatively affected by the increase in Coronavirus infections.
The “Dow Jones” index fell by 2.3 percent, and the “Standard & Poor’s 500” and “Nasdaq” indexes fell by 1.8 percent and 1.6 percent, respectively.
Shares also fell in Europe, as important cities announced new restrictions to curb the spike in COVID-19 cases.
The French “CAC 40” index recorded a decrease of 1.9 percent. The German DAX index also decreased by 3.7 percent and the British FTSE Index fell by approximately 1.2 percent.
Travel stocks were the most affected. And IEG, the company that owns British Airways, announced losses of 7.6 percent.
US President Donald Trump has pledged never to impose widespread restrictions again, saying they are not worth the economy to pay for.
But such decisions in the United States are due to local rulers, some of whom have tightened restrictions on Monday in states such as Texas, New York and New Jersey.
The number of reported injuries daily in the United States exceeded 80,000. The proportion of cases requiring hospital treatment rose to 40 percent last month, and the death rate is slowly rising.
Analysts say the economy is unlikely to recover before coronavirus fears are gone.
Investors in the United States are concerned about the lack of an agreement to approve new economic aid to confront the Corona virus crisis.
US Treasury Secretary Stephen Munchen said that the two parties (Republicans and Democrats) are still far from each other. House Speaker Nancy Pelosi, who is from the Democratic Party, made similar statements.