Wall Street was set for a heavy tumble on Friday as news that U.S. President Donald Trump and his wife had tested positive for coronavirus just four weeks before U.S. elections sent investors into safer gold, Treasuries and the yen. Europe’s main bourses were down 0.5%, having clawed back some of their starker morning falls, but oil was down nearly 5% and futures markets were pointing to 1.57 to 2.3% losses for Wall Street’s S&P 500, Dow and Nasdaq. Trump said on Twitter he and his wife had been tested positive for coronavirus: “We will begin our quarantine and recovery process immediately,” he said in a late night tweet, adding one of his chief aides had contracted the virus too.
