European markets stabilised on Tuesday after worries about the economic fallout of China’s spreading coronavirus set off the worst global rout in months.
A flat STOXX 600 and higher Wall Street futures indicated some relief after Monday’s biggest drop in world stocks since October.
Chinese markets are closed all week, but a 0.5% overnight drop in Tokyo’s Nikkei was more modest than Monday’s thumping. Many of Asia’s other markets that were open had rallied.
Even so, the mood remained jittery. The death toll from the virus topped...