US intelligence has concluded that China did not reveal the true extent of the Covid-19 coronavirus pandemic in the country on purpose.
Investors' focus on Thursday will shift back to the US labour market and the latest weekly jobless claims figures.
British banks should use the £7. 5bn saved in scrapped dividends and bonuses to write off debt repayments for customers affected by the coronavirus, investment platform AJ Bell said on Wednesday.
Stocks on the Continent got off to a poor start for the second quarter with analysts pointing to the still impending peak in coronavirus cases in the States and poor economic data as the reasons for the weakness.
Analysts at Berenberg slashed their target price on British sub-prime lender Provident Financial from 470. 0p to 250. 0p on Wednesday, stating that the Covid-19 outbreak had dealt the group another setback.
The Restaurant Group revealed on Wednesday that chief financial officer Kirk Davis had purchased 276,797 ordinary shares in the London-listed restaurant operator.
Britain's second-tier index incurred hefty losses, retreating by 3. 87% to 14,516. 34.
London stocks remained in the red by the close on Wednesday, after the release of weak UK manufacturing figures, and with banking plays under pressure as they were pressed to cancel their dividends to help weather the coronavirus pandemic.
UK mobile network O2 said it had ended its partnership with Carphone Warehouse after it failed to agree to a new deal with the retailer.
Analysts at Berenberg slashed their target price on British sub-prime lender Provident Financial from 470p to 250p on Wednesday, stating that the Covid-19 outbreak had dealt the group another setback.
Aerospace companies and the UK's biggest airport are reportedly lobbying the government to bail out struggling airline Virgin Atlantic.
The International Monetary Fund said that global policymakers should enact “wartime” measures to fight the coronavirus crisis.
London's FTSE 100 was down 3. 16% to 5,493 as of 1601 GMT, mimicking falls across the Continent and over on the other side of the Pond.
Breedon Group announced on Wednesday that it had temporarily suspended production at its sites in the Republic of Ireland, following new government restrictions amid the Covid-19 coronavirus pandemic.
SSP Group updated the market on the Covid Corporate Financing Facility on Wednesday, confirming that it had secured access and drawn down funding.
US stocks opened lower on Wednesday, continuing on from the losses recorded at the end of the Dow's worst first quarter in history.
US output slumped at its fastest pace since the height of the financial crisis in March, data published on Wednesday showed.
A key gauge of US manufacturing sector conditions for March printed ahead of forecasts but sentiment around the near-term growth prospects for the economy were described as "strongly negative".
Foreign exchange provider Argentex posted improved full-year revenues on Wednesday, driven by strong client demand despite during recent volatility.
The European Commission proposed a wage support programme for the bloc that would be guaranteed by all member states.