European stocks slumped on Thursday, as new virus cases mount outside of China, including the first from an unknown source in the United States. The Stoxx Europe 600 SXXP, -2.29% dropped 2.1% to 396.31, which is roughly at the lows of Wednesday. Banks, including BNP Paribas BNP, -3.67%, and insurers,Read More →
The growing number of COVID-19 cases and deaths outside of Asia has put pressure on U.S. officials to more clearly articulate preparedness plans in an effort to ease American worries about the possibility of a pandemic. President Donald Trump tweeted Wednesday that he plans to hold a news conference onRead More →
The hope going into 2020 was that the U.S. economy would get an adrenal rush from stronger business investment after an interim deal that tempered trade tensions with China. Those hopes appear to have been dashed. A spreading coronavirus in China and elsewhere is snarling global supply chains, making itRead More →
U.S. Treasury yields extended their weeklong slump on Friday as investors worried that the economic impact of COVID-19 may not be contained to China, and is spilling over into neighboring regions. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -3.50% fell 5.4 basis points to a more thanRead More →
U.S. stocks were mostly down, but off session lows, late Tuesday after Apple Inc. said that the viral outbreak in China would hurt its second-quarter results, reigniting fears that the disease may disrupt manufacturing supply chains and have broad implications for the global economy and financial markets. How are theRead More →
Festering worries about the spread of COVID-19 is a potential peril for the U.S. economy, but ailing manufacturers and tepid investment are already muzzling growth. Wall Street has been hoping for fresh signs of a rebound in business spending, but the first batch of reports for February is unlikely toRead More →
Two months into the epidemic, the coronavirus has not proven to be as deadly as the SARS virus. That, however, may also help explain why it’s spreading so quickly. It has an incubation period of up to two weeks, which enables the virus to spread through person-to-person contact. The coronavirus,Read More →
As Chinese health officials and citizens struggle to contain the coronavirus, people in countries including South Korea, Malaysia, the U.K. and Canada are reporting the spread of anti-Chinese racism, attacking the country’s cultural mores and businesses with signs saying, “No Chinese.” The highly contagious, pneumonia-causing illness that infects the respiratoryRead More →
Fears around China’s ability to contain a deadly coronavirus outbreak have given the U.S. junk-bond market its first major test of the year. Laredo Petroleum Inc. LPI, +2.21% and Range Resources Corp. RRC, +3.61% were two energy companies in January from a deluge of U.S. businesses that raced toRead More →
3M Co. Chief Executive Mike Roman said Tuesday that his view of weakness in the China business is “changing” because of the coronavirus, as the outbreak of the deadly virus has boosted demand for face masks. The industrial and consumer products maker’s stock MMM, -5.06% took a dive in middayRead More →
‘We suspect the first correction since October has begun…but will be contained to 5% or less for the S&P 500 as liquidity remains flush…’ Michael Wilson Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October may be under way. The strategist, inRead More →
Gold prices on Monday headed to a more than six-year high, as fears of the economic impact of a fast-moving viral outbreak hurt appetite for stocks and powered buying in assets perceived as havens. “The anticipated Wuhan flu contagion triggered sell-off in equity markets will likely drive gold demand outRead More →
The number of coronavirus infections has spiked, Chinese officials announced Saturday. The pneumonia-causing illness that infects the respiratory tract was responsible for at least 41 deaths in Central China, with 15 new fatalities as of Saturday, and more than 1,370 cases, with 400 new cases identified by Chinese health officials.Read More →
The number of coronavirus infections — and fatalities — has jumped in recent days. The mysterious pneumonia-causing illness that infects the respiratory tract was responsible for at least 41 deaths in Central China, with 15 new fatalities as of Saturday, and more than 1,370 cases, with 400 new cases identifiedRead More →
‘Probably, the cat’s already out of the bag.’ Eric Toner, M.D. Scientist and scholar Eric Toner, quoted above in an excerpt from a Friday interview with the business-news channel CNBC, explained that China’s efforts to contain the current outbreak of a fast-moving upper-respiratory illness are “unlikely to be effective.” TheRead More →
Stocks were lower early Friday afternoon, after authorities confirmed a second U.S. case of the coronavirus, underlining concerns that the spread of the disease may disrupt travel and trade and slow global economic growth. Still, Investor optimism following quarterly earnings results buoyed shares of companies like Intel Corp. and AmericanRead More →
U.S. equity markets have experienced muted trade in the past few sessions as investors keep one eye trained on a deadly flu outbreak in China, which could be declared a public health emergency by the World Health Organization within the next 24 hours. However, gauged by the market’s performance duringRead More →
German stocks had a slippery hold on record territory Wednesday, as equities across Europe struggled to make gains amid lingering concerns over the spread of China’s coronavirus. The German DAX 30 index DAX, -0.01% pushed into record territory earlier in the day, rising to a high of 13,640.06, before turningRead More →
Fears of a potential coronavirus pandemic has weighed heavily on shares of companies in a wide variety of sectors this week, particularly those with revenue exposure to travel into and out of China. With the death toll reaching 6, and with more than 300 having been infected by the virus,Read More →
U.S. stocks traded mostly lower Tuesday, as investors returned from a holiday and found few reasons to take equities higher following a brisk, record-setting run-up for the major benchmarks in recent weeks. U.S. markets were closed Monday in observance of Martin King Luther Jr. Day. How are benchmarks faring? TheRead More →
Oil futures struggled for direction on Friday, seesawing between modest gains and losses, with prices on track to register a loss for a second week in a row. Traders continued to weigh the prospects for energy demand in the wake of the China-U.S. trade deal on Wednesday and Senate approvalRead More →
U.S. stock futures headed higher Friday morning, setting the three main equity gauges up for new records in just the third week of the year, after data showed China’s economic growth picked up in December, though annual growth was the weakest in about three decades. Gains have been mostly aidedRead More →
Vancouver has emerged as the most affordable North American city for luxurious lifestyle, according to a new report. This is great news for the Sussexes, who have recently announced their desire to move to Canada, which Harry’s grandmother Queen Elizabeth II publicly approved. READ MORE: Why Meghan and Harry wereRead More →
Getty Images U.S. President Donald Trump shakes hands with Chinese Vice Premier Liu He. European stocks on Thursday were on track to reach a record high, helped by relief that the U.S. and China signed a trade pact. The Stoxx Europe 600 SXXP, +0.00% added 0.16% to 420.32, above theRead More →
Gold prices edged higher early Wednesday, as investors adopted a cautious stance ahead of the expected White House signing of a partial agreement between the U.S. and China later in the session. Doubts that the so-called phase one trade pact will alleviate tensions between Beijing and Washington have kept bullionRead More →
