Market Overview - Page 404

Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as the coronavirus spread faster outside China and investors fled to safe havens. The number of.

There’s something different about the threat COVID-19 poses to the global economy. And that’s what has investors worried. “Because of its genesis in China, coronavirus is both a demand and a supply shock to the global economy,” said Brian Nick,.

The bitcoin price experienced a sharp reversal on Wednesday, falling more than 7% to an intaday low of $8,620.00 on Gemini. The largest cryptocurrency has trimmed some of its declines but is still sitting on a loss of 5.5%. With.

Even if OPEC cuts production by 600,000 barrels a day, oil prices could remain weak until April, according to a senior analyst at S&P Global Platts. That’s because inventories are rising amid lower oil demand due to the coronavirus outbreak,.

European stocks plummeted further on Thursday as the rapid spread of the coronavirus continues to dominate market sentiment. The pan-European Stoxx 600 fell 2% during European trading hours, with travel and leisure stocks plunging 3.6% to lead losses as almost.

World markets are declining in fear of a coronavirus pandemic as more and more cases of a disease spread outside of China. As we recently noted, there is a growing demand for safe havens against this backdrop. Traditionally investors use.

Amazon’s share price is overvalued based on traditional value metrics. The coronavirus outbreak could impact the e-commerce giant’s business and send its stock tumbling. Amazon has relied on ‘Just In Time’ inventory management to keep its online business profitable. The.

Over the past hour or two, Bitcoin bulls have been attempting to defend $9,000: just look below, where you can see a number of wicks below that price on the 15-minute chart. Thus far, $9,000 has been defended, with every.

The Stoxx Europe 600 Index dropped for a fifth straight session, suffering its longest losing streak since July, as companies including Diageo Plc and Danone SA warned the virus outbreak will hit their sales in China. Futures on the three.

Disruptions caused by the coronavirus will cause the world’s economy to shrink if the outbreak continues, Egyptian billionaire Naguib Sawiris said this week. “If this is not contained within the next few months, we will see a big shrinking in.

The world market could not resist the new wave of sell-off on Tuesday. Major U.S. indices showed the second consecutive trading session with a 3% decline. European indices also received a mighty blow at the end of the European trading.

Crude oil resumed its plunge on Tuesday after the International Energy Agency (IEA) trimmed its forecast for oil demand growth, citing ongoing coronavirus risks to global supply chains. The West Texas Intermediate (WTI) benchmark for U.S. crude futures fell 3.4%.