Market Overview - Page 405

China’s crude oil imports could drop by as much as 15 to 20 percent on the year in February, due to the coronavirus outbreak and the slump in domestic fuel demand, the Global Times reported on Thursday, citing a researcher.

Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion. The rout showed no signs of slowing as Europe’s main.

Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset’s course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for.

Months of stock market euphoria have given way to uncertainty and panic. After an exuberant ride up, the Dow is now back to where it was on Oct 26, 2019. In a high tailed retreat, the benchmark has given up.

U.S. stock futures early Friday pointed to more losses after the major indexes suffered a tumble that sent them more than 10% below their record highs. As of 1:37 a.m. ET Friday, Dow Jones Industrial Average futures were 429 points.

With cases of the new coronavirus disease rising quickly beyond China, the odds of the outbreak turning into a pandemic have now doubled — from 20% to 40%, Moody’s Analytics said in a report. They had earlier predicted a 20%.

The U.S. stock market is being terrorized by the coronavirus. The Dow Jones Industrial Average fell by almost 1,000 on Thursday morning. Sitting at around 26,000, the plunge marked a 12% drop since the Dow’s 52-week high of 29,551 in.

Global economic growth is likely to be the worst this year since the Great Recession as headwinds from the coronavirus and other factors build, according to Bank of America. Gross domestic product growth worldwide is projected to slow to 2.8%.

Oil prices fell over 2% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fueled fears of a pandemic that could slow the global economy and dent.

Market overview Futures for S&P500 lost 9% over the six days to lows since November and drastically shifting from overbought to oversold conditions by RSI. The UK’s FTSE100 fell under 7,000 to 13-month lows. The mood swung toward fears of.

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,.