Market Overview - Page 412

Preliminary estimates of the PMI indices for the eurozone countries, for the most part, exceeded expectations, creating positive traction in the EURUSD pair. The published composite PMI for the eurozone rose to 51.6 in February vs forecasted decline from 51.3.

China car sales plunged 92% during the first two weeks of February in the wake of the coronavirus outbreak, according to the China Passenger Car Association. It was even worse in the first week, with nationwide sales tumbling 96% to.

By the end of the week, the stock markets returned to a cautious mood, as players’ attention shifted to the problems of the production sector. Asian trading bourses declined for the second day in response to the Hubei Province’s call.

Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut output to buttress the market..

Two prisons in China have reported nearly 250 cases of COVID-19 cases, with both inmates and prison guards getting infected. On Friday, Xinhua news agency reported that 207 cases of the new coronavirus were reported in Rencheng prison as of.

Oil prices rose further on Thursday after a U.S. report showed a draw in gasoline inventories and a much smaller-than-anticipated rise in crude stocks. U.S. gasoline stockpiles fell by about 2 million barrels in the week to Feb. 14, while.

It is premature to give precise projections of economic growth in China and the World in 2020 following the outbreak of coronavirus, IMF Managing Director Kristalina Georgieva said on Thursday. The IMF is still reviewing its projections for growth in.

Bitcoin (BTC) took an unexpected dive, plunging $600 in a matter of minutes. The plunge saw 15 of the 20 largest crypto assets by market cap down 5% or more on this time yesterday. The price drop began around 21:45.

Market overview European and US indices recede from the highs reached overnight. Nasdaq added 7.7% this month, jumping from the levels near 9000 to 9700 and to just a couple of steps from the critical 10000 milestone. In the FX,.

The price of gold was approaching seven-year highs on Wednesday, as investors shrugged off a surging dollar that’s normally seen as a headwind for precious metals. Gold is rallying on the back of renewed haven demand as central banks prepare.

The U.S. Dollar Index, a widely-watched measure of the currency versus its peers, is close to breaching 100 for the first time since 2017, as the currency proves a haven of choice for investors confronting risks from the spread of.

The impact of the coronavirus outbreak in China on U.S. economic growth will be negligible and short-lived, according to economists in a Reuters poll who nonetheless now say risks to their forecasts are skewed more to the downside. The outbreak.