Stock prices and bond yields fell following a surge of new coronavirus cases outside China dented investors’ hopes that the outbreak had been contained. UK stocks had their worst day for five years and Italy’s MIB index dropped 5.4 percent, its largest fa
Finance chiefs of the world's top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021.
US and European stocks pulled back from record highs, with the S&P 500 and Dow Jones each down around 0.7 percent during afternoon trading. It is speculated that the selloff was triggered by the impact of the coronavirus being larger than previously a
China cut the benchmark lending rate on Thursday, as widely expected, as the authorities move to lower financing costs for businesses and support an economy hit by a fast-spreading coronavirus epidemic.
A sales warning from apple rippled across global stock markets in the latest sign of the financial cost of the coronavirus outbreak. All three major indices on Wall Street opened 0.3 percent lower, whilst shares in Asia were worst hit with Tokyo’s TOPIX’s
Japan is on course for a technical recession, economist warn. As the impact of the coronavirus threatens to compound a poor final quarter of 2019 which saw the economy shrink at an annualized rate of 6.3 percent.
China must make every effort to maintain economic and social control as it battles the coronavirus epidemic and avoid causing panic that could lead to secondary "disasters," President Xi Jinping told senior officials earlier this month.
Wallstreet was in danger of breaking its three-day winning streak, but managed to erase much of its earlier losses that came after China reported a jump in the number of coronavirus cases. The S&P managed to trade near break-even after falling 0.5% in
The fears of the coronavirus continue to wane, as all three major U.S. stock averages managed to attain record highs on Wednesday. The S&P 500 was up 0.5 percent, whilst the Nasdaq Composite added 0.8 percent.
Both US and European stock indices hit record highs, whilst Hong Kong and Chinese indices rebounded, as investors calmed their nerves over the coronavirus outbreak. The S&P 500 was up 0.4%, whilst the Nasdaq gained 0.5%.