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The UK, Germany, the Czech Republic, Italy and France are experiencing surging coronavirus numbers. London will join Paris, Berlin and other cities in tightening restrictions to stem the rising second wave. Virus-related hospital admissions and deaths are on the rise in London.

The US dollar slipped, although it recovered some of its overnight losses in early London trade leaving the dollar index 0.1 percent lower on the day at 92.946 by 0718 GMT.

The U.S. Navy and the Centers for Disease Control and Prevention have launched an investigation into the outbreak aboard the carrier, said the report.

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The US Centers for Disease Control and Prevention (CDC) has reported a new single-day record of 54,357 cases across the country.

The US House of Representatives approved .3 billion in emergency funding on Wednesday to combat the coronavirus.

The US House of Representatives passed the "Holding Foreign Companies Accountable Act" on Wednesday. It bars securities of foreign companies from being listed on any US exchange if they have failed to comply with a US Public Accounting Oversight Board audit three years in a row.

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The United States surpassed the threshold of 5 million COVID-19 cases on Sunday, 17 days after reaching 4 million cases, according to the Johns Hopkins University tally.

The US government approved a law last month that mandates an annual review of Hong Kong's independent trade status — a move deemed as unseemly intervention in the city's internal affair by the Hong Kong SAR government and the city's business sectors.

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The United States and China have "agreed on the broad outline of a deal" to settle the issue of Chinese telecom equipment maker ZTE Corp, according to The Wall Street Journal.

The US Federal Reserve announced a plan on Tuesday to purchase commercial papers directly from the companies issuing the short-term notes to keep credit flowing, on top of the 0 billion in quantitative easing announced on Sunday.