Global stocks slide as investors weigh downbeat Fed minutes and surging coronavirus cases in GermanyGet the Full StoryXinhua Getty
Global stocks fell on Thursday as investors weighed the Fed's cautious stance on further stimulus, and Germany posted a record increase in new coronavirus infections.
Investors had expected the latest Fed meeting to "open the door to the next phase in central-bank jigger-pokery," Rabobank analysts said.
Federal Open Market Committee members confirmed that new stimulus measures were "not warranted in the current environment," dashing investor hopes.
Germany added over 1,500 new cases of the coronavirus in 24 hours, the biggest single day increase since April.
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Global stocks fell on Thursday after the Federal Reserve dashed any hopes of further stimulus measures in a cautionary set of FOMC minutes released Wednesday.
In Europe, markets were pushed further down after Germany posted over 1,500 new cases within 24 hours its highest daily increase since the end of April. The current case count in Europe's largest economy stands at 229,807.See the rest of the story at Business InsiderNOW WATCH: 7 secrets about Washington, DC landmarks you probably didn't knowSee Also:Meet the 2 college students running a 20,000-member online investing communityUS housing starts smash July forecasts, surge by the most since 2016Movie theater chain Cineworld could be a major M&A target after a 70-year-old law from the golden age of Hollywood was liftedSEE ALSO: A senior Fed official says 'Wall Street has called this about right' after stocks rally to record highs even as fears persist about US economic health