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| - European stock markets and world oil prices extended their coronavirus-fuelled slump on Friday, with Frankfurt's benchmark DAX 30 stocks index crashing 5.2 percent in morning deals. The Paris CAC 40 meanwhile tumbled 4.6 percent and Milan's FTSE MIB shed 3.9 percent. Outside the eurozone, London's FTSE 100 index tanked 4.5 percent. "It is another catastrophic day for investors as global stock markets continue to fall," said Russ Mould, investment director at AJ Bell. "There is no sign of widespread bargain hunting by investors despite the cut-price shares on offer. "That might not happen until there is a clearer picture of how far and wide coronavirus has spread and how different countries are trying to contain it," he added. The spreading virus panic also stoked fresh concern over global crude demand, sending oil prices to their lowest levels in more than a year. Brent oil for April delivery sank as low as $50.05 per barrel, while New York's WTI crude for the same month tumbled to a trough of $44.95. "Another day, another sell-off," remarked analyst Stephen Brennock at energy consultancy PVM Associates. "Risk assets took a significant step lower on Thursday as market players continued to squirm with unease over the growing coronavirus crisis." By 1000 GMT, European stocks clawed back some ground, but Frankfurt was down 4.4 percent, London had lost 3.9 percent, Paris shed 3.8 percent and Milan dropped 3.4 percent. rfj/bcp/wai
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