World stock markets slip on second wave virus fears, safe-havens rise

NEW YORK/LONDON — Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen. The daily count of infections hit a new milestone in California and Texas, while around 400 workers tested positive for the virus at a slaughterhouse in northern Germany, prompting the closure of local schools. A Chinese medical expert, meanwhile, said Beijing has brought its recent outbreak under control. U.S. Treasury yields fell and crude oil rose as worries about fuel demand following the rising coronavirus...