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Coronavirus Global: Financial markets wilt, stocks plunge as Trump stuns with Europe travel ban

Financial markets reeled on Thursday as stocks dived and oil slumped after US President Donald Trump took the dramatic step of banning travel from Europe to stem the spread of coronavirus.

With the pandemic wreaking havoc on daily life of millions worldwide, investors were also disappointed by the lack of broad measures in Trump’s plan to fight the pathogen, prompting traders to bet of further aggressive easing by the Federal Reserve.

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