Global stock markets and US futures retreated on Thursday as a second wave of coronavirus cases triggered more restrictions in Europe and negotiations in Washington over financial help for struggling workers and businesses remained deadlocked. S&P 500 and Dow futures declined by more than 1%, and Nasdaq futures shed 1.8%. Germany's DAX (DAX) dropped over 3% in morning trading, and France's CAC 40 (CAC40) dipped 2.5%. The FTSE 100 (UKX) posted losses of 2.4% in London. Hong Kong's Hang Seng (HSI) led Asian markets lower, closing down 2.1%. Weeks of negotiations between Republicans and Democrats on another major stimulus package for the US economy have failed to produce results, and hopes are fading that a compromise can be reached before the presidential election on November 3.