Markets Slide As Europe Scrambles To Contain The Coronavirus

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Markets Slide As Europe Scrambles To Contain The Coronavirus
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European markets continue to slide after new cases of the coronavirus were reported in Austria, Switzerland and Croatia.

Pacific Press/LightRocket via Getty Images: The growing outbreak of the coronavirus in Italy has been linked with new cases of the pneumonia-like virus in three neighboring European countries, and in Brazil, the first time Covid-19 has been detected in Latin America.

In Switzerland, a man in his 70s was placed in isolation after testing positive for the illness in Lugano, the southern, Italian-speaking part of Switzerland. He is believed to have contracted the virus during an event in Milan earlier this month. European stocks slid further on Wednesday, with the continent’s Stoxx 600 down 2% on Wednesday morning. Germany’s Dax 30, France’s CAC 40 and London’s FTSE 100 are also down.

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