European markets are set to open slightly lower on Thursday morning as China's coronavirus epidemic remains the primary focus for investors.
European shares rallied to new highs on Wednesday as luxury stocks were lifted by a fall in the number of new coronavirus cases reported in China the previous day.
Investors are monitoring the situation and its potential effect on both the Chinese and global economies."clearly more impactful" on the world economyThe outbreak has led to the closure of Chinese factories and businesses, resulting in a rise in demand for business loans. Major global airlines have suspended flights to mainland China, while events around the world, including Barcelona's Mobile World Congress, have been cancelled to prevent the virus spreading.
Back in Europe, British Prime Minister Boris Johnson is set to reshape his government on Thursday as the U.K. forges a future for itself outside of the European Union.
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