GLOBAL MARKETS-Virus, stimulus angst hit world stocks; dollar shines
Global shares closed lower on Thursday as investors shied from risk and sought safe havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy. Although an offer by U.S. President Donald Trump on Thursday to raise the size of a stimulus package narrowed losses in U.S. shares as investors hoped a deal could be reached, many still believe that is unlikely before the Nov. 3 election. Uncertainty over a stimulus package was compounded by data that suggested more government aid is needed to shore up growth, especially in the face of a spike in COVID-19 cases in Europe.