Factbox: Charting the impact of the new coronavirus
The following charts aim to capture the scale and trajectory of stock market moves in response to the new coronavirus outbreak, the growing number of cases beyond China, the reaction of China’s central bank and the impact on safe haven investments.
Rate futures surge as coronavirus seen pushing Fed to ease
U.S. interest rates futures surged to their highest levels since last fall as a global sell-off in stocks and panicked buying of government bonds fueled growing expectations that the Federal Reserve will soon be forced to respond with interest rate cut…
Oil slides 4% on demand concerns as coronavirus spreads
Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the impact on demand for crude.
Buffett calls coronavirus outbreak ‘scary,’ but says he won’t be selling stocks
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Monday called the coronavirus outbreak “scary stuff” but said stocks remain a good long-term investment and that he won’t sell stocks despite the threat of a pandemic.
Futures plummet as investors dump stocks on fears of pandemic
U.S. stock index futures tumbled on Monday as investors scurried to perceived safe-haven assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global economic growth.
German industrial sectors see supply shortage over virus: BDI
Several sectors of Germany’s manufacturing sector are expecting a shortness of supplies from the Far East region in the coming weeks due to the outbreak of the coronavirus in China, business association BDI said on Monday.
European shares suffer worst day since 2016 as virus spreads
Europe’s share markets suffered their biggest slump since mid- 2016 on Monday, as a jump in coronavirus cases in Italy, South Korea, Japan and Iran sent investors scrambling to the security of gold and government bonds.
Buffett says coronavirus doesn’t dampen his long-term support for stocks
Warren Buffett said on Monday that negative headlines, including on the coronavirus outbreak, do not dampen his view that stocks are a good place for many people to invest for the long-term.
Boeing scours idle 737 MAX plant for industrial snags
Insiders note an “eerie” calm at Boeing Co’s 737 MAX factory, formerly a bustling hub that has helped fuel the aviation industry’s record growth over the last two decades.
Exclusive: Juul halts Indonesia e-cigarette sales, throwing Asia expansion in doubt
Juul Labs Inc is halting sales in Indonesia, citing concerns that it can’t stop retailers from selling its high-nicotine e-cigarettes to young people in a largely unregulated tobacco market.
