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U.S. stock futures resume coronavirus rout
U.S. stock index futures tumbled as trading reopened on Sunday night with investors still unnerved by the coronavirus and taking little solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.
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Stock market live updates: Stock futures dive as coronavirus panic won't let up
U.S. stock futures sank Sunday evening and indicated another brutal trading week on Wall Street, as mounting coronavirus fears rippled through global markets. …read more […]
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Washington State Investigating Potential Outbreak at Facility
Mar.01 — Washington state has declared a state of emergency after reporting the first coronavirus death in the country. Officials there are now investigating a possible outbreak at a health facility. Bloomberg’s Drew Armstrong reports on “Bloomberg Markets: Asia.” …read more […]
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China’s February PMI Data Fell to Lowest Level on Record
Mar.01 — China’s PMI data fell to the lowest level on record in February as coronavirus cases continue to spike all around the world. Bloomberg’s Tom Mackenzie reports on “Bloomberg Markets: Asia.” …read more […]
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Implied yield on U.S. 10-Year treasury futures trading below 1% for first time
The implied yield on U.S. 10-Year Treasury futures traded below 1% for the first time, as investors grew increasingly unnerved by the spread of coronavirus.
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Goldman Sachs sees Fed cutting soon, perhaps before March 17-18 meeting
Goldman Sachs economists on Sunday predicted the U.S. Federal Reserve will cut interest rates aggressively perhaps before its next scheduled meeting in two weeks time, saying the head of the U.S. central bank sent a clear signal with his unscheduled statement on Friday.
Business News
Asian markets set for more losses as coronavirus spreads
Stock futures plummeted on Monday as investors were rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus.
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We Should Be Prepared For Coronavirus Pandemic, Says Stanford’s Asia Health Policy Program Director
Mar.01 — Stanford University Asia health policy program director, Karen Eggleston, says we certainly need to prepare for a coronavirus pandemic, but panicking can make things worse. She speaks with Paul Allen on “Bloomberg Markets.” …read more […]
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Asian markets set for more losses as coronavirus spreads
Stock futures plummeted on Monday as investors were rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus. The sheer scale of losses has prompted financial markets to price in policy responses from the U.S. Federal Reserve to the Bank of Japan and the Reserve Bank of Australia (RBA). Futures now imply a full 50 basis point cut by the Fed in March while Australian markets are pricing in a quarter-point cut at the RBA’s Tuesday meeting. …read more […]
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U.S. Stock Futures Drop With Virus News Rattling Investor Nerves
(Bloomberg) — U.S. stock futures fell in a signal the sell-off in American equities will continue after a torrent of weekend news fortified concerns the coronavirus would severely damage the global economy.Contracts on the S&P 500 dropped 1% to 2,920 as of 6:31 p.m. in New York, with losses mitigated by speculation the Federal Reserve will cut interest rates this month. The underlying index sank 11% in the prior five sessions in the biggest weekly rout since the financial crisis. Dow Jones Industrial Average futures slid 1.8% and Nasdaq 100 contracts lost 2.3%.Stocks are mired in a seven-day rout that’s …read more […]
Business News
U.S. stock futures resume coronavirus rout as trading resumes
U.S. stock index futures tumbled when trading reopened on Sunday night with investors still unnerved by coronavirus and taking little solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.
Business News
American Airlines waives change fees as United braces for new flight cancellations
American Airlines Group Inc said on Sunday it was waiving change fees on all newly purchased tickets amid declining air travel demand because of the new coronavirus outbreak.
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U.S. bank lobby economist predicts global rate cut coming … this Wednesday
Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world’s big central banks, including the Federal Reserve, will soon step in to try to quell the storm.