Global stock markets retreated Friday as France and Germany reported weak factory data and the death toll from a virus outbreak in China rose further.
Germany's DAX lost 0.3% to 13,533.51 while the CAC 40 in Paris was flat at 6,037.65. Britain's FTSE 100 gave up 0.2% to 7,487.97. On Wall Street, the future contracts for the S&P 500 and the Dow Jones Industrial Average both fell about 0.1%.
Beijing is also promising tax cuts and other help to businesses in a bid to offset the economic blow from the virus outbreak that has put the world's second-largest economy on lockdown. The extent of potential losses is unclear. Beijing's tariffs reductions, which follow U.S. cuts last month on Chinese goods, are part of a "Phase 1" trade agreement with Washington aimed at ending their fight over China's technology ambitions and trade surplus. There was no indication China altered its cuts in response to the virus outbreak, but the surprise announcement helped to buoy market sentiment.
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