Shares and oil to trade nervously this week on coronavirus fears

Global stock and oil markets are expected to trade nervously this week even as investors hope for signs for the containment of the deadly coronavirus.

Fears about the global economic effects of the virus last week led to the price of oil tumbling to around $56.60 (€51) a barrel. Reflecting the concerns, the Bank of China over the weekend said it pumped in more than €19bn of liquidity into the banking system, while the White House said it was studying the effects of the virus on the US economy.