Coronavirus roils markets: this is why it matters to everyone
4 years, 10 months ago

Coronavirus roils markets: this is why it matters to everyone

Al Jazeera  

Even if you are not invested in stocks and bonds, how these markets behave shows what is at stake in the global economy. The 10-year US treasury yield – which on Friday tumbled below 0.7 percent for the first time ever – is a benchmark for setting rates on financial products such as home mortgages and student loans. The “R” word – recession – is peppering more analysts’ notes as they issue warnings and revise outlooks as coronavirus cases multiply outside of China. The outbreak started late last year in China – the world’s second-largest economy, accounting for some 20 percent of global output. Low-wage workers could experience severe financial hardships as coronavirus spreads – especially in the US, where there are serious gaps in the social safety net.

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History of this topic

Impending economic crisis will dwarf coronavirus crisis, says credit insurer Allianz
2 years, 2 months ago

Impending economic crisis will dwarf coronavirus crisis, says credit insurer Allianz

NL Times  

The looming economic crisis will make the coronavirus crisis look like nothing, according to credit insurer Allianz Trade. Rarely have so many negative facts come together simultaneously,” Johan Geeroms, director of risk underwriting in the Benelux for Allianz, said in a press statement. And, partly due to the 10 percent increase in the minimum wage the government announced for next …

Asian stocks fall as investors await U.S. profits, inflation
2 years, 8 months ago

Asian stocks fall as investors await U.S. profits, inflation

Associated Press  

BEIJING — Asian stock markets fell again Tuesday as investors waited for U.S. inflation data amid unease about higher interest rates, Chinese efforts to contain coronavirus outbreaks and Russia’s war on Ukraine. Wall Street’s benchmark S&P 500 index slid 1.7% on Monday as investors waited for a new round of corporate results to see how profits are affected by inflation …

Asian shares track Wall St higher on upbeat US data
3 years ago

Asian shares track Wall St higher on upbeat US data

Associated Press  

BANGKOK — Asian shares were modestly higher Thursday after stocks advanced on Wall Street with encouraging reports about the potential impact of the omicron variant of coronavirus and stronger U.S. economic data. Major indexes are still on track for a Christmas week gain, with trading thinning as the holidays approach. The latest surge in coronavirus cases because of the omicron …

Omicron and the Fed might finally kill this bull market
3 years, 1 month ago

Omicron and the Fed might finally kill this bull market

CNN  

New York CNN Business — So much for a year-end Santa Claus rally? “There could be a relief rally at the end of the year but we’re in a holding pattern right now.” So will concerns about the Omicron variant upset what is usually a strong holiday rally? “I don’t expect the variant will undo the progress that has been …

Global markets: Stocks and oil plunge on new Covid variant fears
3 years, 1 month ago

Global markets: Stocks and oil plunge on new Covid variant fears

CNN  

Hong Kong/London CNN Business — Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. South Africa’s health minister said Thursday that a new coronavirus variant appears to be spreading rapidly in parts of the country. UK Health Minister Sajid Javid said the variant “may be more transmissible” …

Asian markets lower on virus worries after Wall Street slips
3 years, 5 months ago

Asian markets lower on virus worries after Wall Street slips

Associated Press  

BEIJING — Asian stock markets followed Wall Street lower on Tuesday as jitters about the fast spread of the coronavirus’s delta variant dented enthusiasm about strong corporate profits. Investors looked ahead to U.S. jobs data due out this week for signs of the health of the world’s biggest economy. Wall Street’s benchmark S&P 500 index closed lower, weighed down by …

Tech leads stocks lower in early trading on Wall Street
3 years, 11 months ago

Tech leads stocks lower in early trading on Wall Street

Associated Press  

NEW YORK — Tech companies are leading stocks lower in the early going on Wall Street, including a steep drop in IBM after the company reported disappointing revenue in the latest quarter. European stocks fell following a weak reading on that region’s economy, and Asian markets fell after a resurgence of coronavirus infections in China. BEIJING — Global stock markets …

Asian stocks sink after China coronavirus resurgence
3 years, 11 months ago

Asian stocks sink after China coronavirus resurgence

Associated Press  

BEIJING — Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. The government is testing millions of people in Beijing and some other cities and called on the public to avoid traveling during February’s Lunar New Year holiday. “The resurgence of cases in China, namely in the largest …

New COVID-19 lockdowns imperil global economy’s recovery
3 years, 11 months ago

New COVID-19 lockdowns imperil global economy’s recovery

Al Jazeera  

Vaccine roll-outs have been a major reason for investors’ rosy outlook, but concerns about mutant strains have tempered optimism. A major chunk of the global recovery in companies’ earnings – recovery expected in the first quarter of 2021 – is at risk of being pushed back further as coronavirus lockdowns and mobility restrictions in several countries cloud hopes of a …

Global Stock Markets Slide at End of Record November, Likely to Recover Amid Prospect of Covid-19 Vaccine
4 years, 1 month ago

Global Stock Markets Slide at End of Record November, Likely to Recover Amid Prospect of Covid-19 Vaccine

News 18  

World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate concerns about the spiking coronavirus pandemic. “It has been a very, very strong month for markets, especially on the equity side but also on the fixed income side too,” said Elwin …

Economic impact of coronavirus will hit next year, experts say
4 years, 1 month ago

Economic impact of coronavirus will hit next year, experts say

Dutch News  

Despite the slight drop in the unemployment rate this week, and signs of a speedier economic recovery from the coronavirus crisis, the big hit will be felt in the second quarter of next year, according to experts. In total, 102 banking, legal and investment experts took part in a survey on the likely impact of the crisis carried out by …

Stocks open higher on Wall Street on more good vaccine news
4 years, 1 month ago

Stocks open higher on Wall Street on more good vaccine news

Associated Press  

NEW YORK — Encouraging news on a second possible coronavirus vaccine sent stocks higher in early trading on Wall Street, following gains in overseas markets. Stock markets jumped higher on Monday on news that a second coronavirus vaccine showed promise, bolstering hopes even as new infections surged around the world. Even before the vaccine news, markets had been trading higher …

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine
4 years, 1 month ago

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine

Huff Post  

A stock ticker with Pfizer stock information is shown at the New York Stock Exchange, Monday, Nov. 9, 2020. ASSOCIATED PRESS NEW YORK — Stocks are surging Monday, catapulting Wall Street back to record heights, on a burst of hope following encouraging data about a potential COVID-19 vaccine. The S&P 500 was 3.3% higher in morning trading after Pfizer said …

Stocks Tumble As Coronavirus Cases Spike Again In U.S. And Europe
4 years, 2 months ago

Stocks Tumble As Coronavirus Cases Spike Again In U.S. And Europe

NPR  

Stocks Tumble As Coronavirus Cases Spike Again In U.S. And Europe Enlarge this image toggle caption Nam Y. Huh/AP Nam Y. Huh/AP Updated at 5 p.m. ET Stocks on Monday posted their worst day since early September amid a surge in coronavirus cases in the United States and Europe and declining optimism about another U.S. pandemic relief bill. "There continue …

Stocks week ahead: The economic recovery hangs in the balance as winter approaches
4 years, 3 months ago

Stocks week ahead: The economic recovery hangs in the balance as winter approaches

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. The UK government isn’t ruling out another national lockdown, though the health secretary has said it would be “the last line of defense.” Such measures would be the worst-case scenario for economies experiencing a historic expansion following a record contraction. Just take it from Federal Reserve …

World economy: What else could go wrong before 2020 is done
4 years, 4 months ago

World economy: What else could go wrong before 2020 is done

Live Mint  

The world economy’s rebound from the depths of the coronavirus crisis is fading, setting up an uncertain finish to the year. Adding 1.4 million jobs in August was “a big step in the right direction,” said Ryan Sweet, head of monetary policy research at Moody’s Analytics. But the economy needs to maintain that kind of pace, he said, and “without …

Summertime sadness: Resurgent coronavirus dims economic recovery hopes
4 years, 5 months ago

Summertime sadness: Resurgent coronavirus dims economic recovery hopes

Live Mint  

The virus is the summer house guest from hell. If you add that all up together it’s not a pretty picture.” At the same time, as governments face new flare-ups and reimpose full or partial lockdowns, the prospects for a brisk global economic rebound later in the year have dimmed, according to economists and executives. While the virus-stricken world is …

The share market is telling us how we're doing in the fight against coronavirus
4 years, 5 months ago

The share market is telling us how we're doing in the fight against coronavirus

ABC  

The share market has, so far, proven to be an accurate measure of how well Australia is handling the pandemic. When coronavirus first struck, the market recorded some if its biggest falls in history, but it's since been slowly clawing its way back up as some restrictions ease. Let's not forget tens of billions of dollars in money printing by …

Many businesses expect to recover from coronavirus within a year
4 years, 5 months ago

Many businesses expect to recover from coronavirus within a year

NL Times  

A researcher from the University of Amsterdam has found that while many entrepreneurs believe they will recover from the current economic downturn inside of a year, business leaders in the wake of the coronavirus crisis is widely varied. Henk Volberda, Professor of Strategic Management and Innovation at the University of Amsterdam, surveyed 800 senior managers in the Netherlands, with 80 …

Safety is the key as interest rates continue to fall
4 years, 6 months ago

Safety is the key as interest rates continue to fall

Live Mint  

Yields enjoyed by fixed income securities’ investors are headed lower. Vanilla economic theory suggests that lower interest rates spur growth as producers get funds at lower cost, which aids the production of cheaper goods. Falling interest rates simply means that the segment of the population dependent on passive, fixed income—often senior citizens, will fall short of their required returns. At …

IMF forecasts deeper global recession from growing coronavirus threat
4 years, 6 months ago

IMF forecasts deeper global recession from growing coronavirus threat

Live Mint  

The International Monetary Fund downgraded its outlook for the coronavirus-ravaged world economy, projecting a significantly deeper recession and slower recovery than it anticipated just two months ago. Graphic: Bloomberg The IMF warned that the rebound in global financial-market sentiment “appears disconnected from shifts in underlying economic prospects,” raising the possibility that financial conditions will tighten more than forecast in its …

The second wave? Global markets slip on new coronavirus concerns
4 years, 6 months ago

The second wave? Global markets slip on new coronavirus concerns

Al Jazeera  

Equities and oil prices fall in Asia after new virus cases surge in China and many parts of the US. Global markets started the week on the back foot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China and a surge in cases in the United States sent investors scurrying for safe-haven …

Asia shares drop after Wall Street rout as virus cases rise
4 years, 6 months ago

Asia shares drop after Wall Street rout as virus cases rise

Associated Press  

Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. “It appears that worries about ‘second wave’ of infections have hit, with a swell in the number of cases in states like Arizona and Texas giving cause for concern,” said Riki Ogawa at Mizuho …

First-time share market investors take a punt on coronavirus recovery
4 years, 6 months ago

First-time share market investors take a punt on coronavirus recovery

ABC  

Tens of thousands of Australians stranded at home over the past few months due to COVID-19 have taken up a new pastime: trying to make money trading shares. "We're two months into pay cuts and I've already made back what I would have lost and some more as well," he says. "I don't know if anyone really knows what the …

Stock market plunge: Dow plunges 1,000 points on fears of coronavirus second wave
4 years, 6 months ago

Stock market plunge: Dow plunges 1,000 points on fears of coronavirus second wave

CNN  

New York CNN Business — The runaway train on Wall Street has been derailed by a force nearly as powerful as easy money: a healthy dose of reality. “The rally in the stock market from the March 23 lows was simply overdone,” said David Kelly, chief global market strategist at JPMorgan Funds. “Mass unemployment is going to be the primary …

Coronavirus Will Leave Lasting Scars On Global Economy; Emerging Markets & Developing Economies To Be Worst Hit: World Bank
4 years, 7 months ago

Coronavirus Will Leave Lasting Scars On Global Economy; Emerging Markets & Developing Economies To Be Worst Hit: World Bank

ABP News  

New Delhi: The World Bank has said that the Coronavirus pandemic and strict lockdown measures taken to contain its transmission will leave a lasting effect on the global economy particularly the emerging market and developing economies, in its analysis of the situation. World Bank Group President David Malpass emphasised the need for comprehensive policies and indicated that 60 million people …

Coronavirus could cause a new euro crisis: Dutch Planning Office
4 years, 7 months ago

Coronavirus could cause a new euro crisis: Dutch Planning Office

NL Times  

The coronavirus crisis could lead to a new euro crisis, the Netherlands office for economic policy analysis CPB said after analyzing the vulnerabilities of the financial system. Despite coronavirus support measures implemented by the government, businesses and households are facing increasing financial difficulties. It showed that a quarter of small and medium sized businesses need more money than support measures …

COVID-19 Impact: Foreign investors pull out $26 billion from Asian economies, over $16 billion from India
4 years, 7 months ago

COVID-19 Impact: Foreign investors pull out $26 billion from Asian economies, over $16 billion from India

Firstpost  

“Foreign investors have pulled an estimated $26 billion out of developing Asian economies and more than $16 billion out of India, increasing concerns of a major economic recession in Asia,” independent Congressional Research Center said in its latest report on global economic effects of COVID-19. After a report on 19 May about foreign investors turning net sellers in the March …

Trump's economic advisers keep trying to downplay expectations for post-coronavirus economy: columnist
4 years, 7 months ago

Trump's economic advisers keep trying to downplay expectations for post-coronavirus economy: columnist

Raw Story  

President Donald Trump has promised that the stock market will surge even bigger and better than ever, but his staff is trying to downplay the predictions to manage expectations. But we’re still very, very — we’re doing great.” A Washington Post column by The Fix's JM Rieger cited an interview with Trump's trade adviser Peter Navarro who spoke to ABC. …

US economy won’t recover fully until there’s a coronavirus vaccine, says Federal Reserve chairman
4 years, 7 months ago

US economy won’t recover fully until there’s a coronavirus vaccine, says Federal Reserve chairman

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The chairman of the …

Fear of coronavirus second wave stalks stock markets
4 years, 7 months ago

Fear of coronavirus second wave stalks stock markets

India Today  

Asian shares recovered early losses and crept into positive territory on Wednesday, but stock futures pointed to a lower European open as worries about a slow economic recovery from the coronavirus weighed on global sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan erased an early decline and rose 0.3 per cent. US stock futures, the S&P 500 e-minis, rose …

Coronavirus: Fauci to warn on risk of opening US economy too soon
4 years, 7 months ago

Coronavirus: Fauci to warn on risk of opening US economy too soon

Al Jazeera  

Top expert will tell Senate that reopening economy too soon may result in ‘needless suffering and death’, report says. A senior health official set to testify before the US Senate will warn legislators about the risks of reopening the economy too soon, saying it could lead to “needless suffering and death”, according to the New York Times. Monday’s report about …

Stocks rise on hope that worst of economic plunge has passed
4 years, 8 months ago

Stocks rise on hope that worst of economic plunge has passed

India Today  

Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week. Japan's benchmark Nikkei 225 jumped 2.6 per cent to 20,179.09 in afternoon trading, helped partly by local media reports about fresh government aid to ride out the pandemic. Hong Kong's Hang Seng …

Global markets drop, spooked by China-US row over Covid-19
4 years, 8 months ago

Global markets drop, spooked by China-US row over Covid-19

Hindustan Times  

Shares took a turn for the worse on Monday as tensions between the Trump administration and China over the origins and handling of the coronavirus pandemic rattled investors. The antagonisms threaten to undo the truce in a trade war between Washington and Beijing that was struck just before China began shutting much of its economy down in late January to …

Coronavirus recovery is just around the corner — if the stock market can be believed
4 years, 8 months ago

Coronavirus recovery is just around the corner — if the stock market can be believed

ABC  

No-one has a crystal ball. The experts don't always get it right, but the main Australian stock market index right now is much higher than it was back in March, when the shock of coronavirus hit households across the country. However, when you consider the Centrelink queues, Treasury's forecast of an unemployment rate reaching 10 per cent, talk of Depression-like …

US economy suffers worst slump since GFC due to coronavirus, but share markets rally on Fed
4 years, 8 months ago

US economy suffers worst slump since GFC due to coronavirus, but share markets rally on Fed

ABC  

Australian stocks have closed higher, after the US central bank pledged to act "aggressively", as the US economy suffered its worst quarterly slump since the global financial crisis. Key points: The ASX 200 rose 2.4 per cent, led by a surge in the energy sector The ASX 200 rose 2.4 per cent, led by a surge in the energy sector …

Coronavirus Outbreak: US economy shrinks at 4.8% in January-March quarter, first-time in six years; recession fear looms
4 years, 8 months ago

Coronavirus Outbreak: US economy shrinks at 4.8% in January-March quarter, first-time in six years; recession fear looms

Firstpost  

The US economy shrank at a 4.8 percent annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record Washington: The US economy shrank at a 4.8 percent annual rate last quarter as the coronavirus pandemic shut down much of the country and began …

US GDP drops 4.8% as coronavirus impact hits hard: Live updates
4 years, 8 months ago

US GDP drops 4.8% as coronavirus impact hits hard: Live updates

Al Jazeera  

It is the sharpest decline since the Great Recession, an abrupt end to the longest economic expansion in US’s history. 09:30 GMT – Spain’s daily toll slightly up with 325 new deaths Spain recorded 325 deaths from the novel coronavirus overnight, up from 301 reported the previous day, the health ministry said. 07:55 GMT – Russia’s coronavirus cases near 100,000 …

Quarterly earnings, coronavirus case trends, Fed rate decision to drive equities: Analysts
4 years, 8 months ago

Quarterly earnings, coronavirus case trends, Fed rate decision to drive equities: Analysts

Firstpost  

The US Fed’s two-day meeting begins on 28 April and interest rate decision will be announced on 29 April 2020. New Delhi: Quarterly earnings, trend in coronavirus cases, and the US Fed’s interest rate decision will be the major drivers for markets in the holiday-shortened week ahead, analysts said. Participants would also keep an eye on retail investor sentiment in …

Premarket: The coronavirus pandemic has broken the oil market
4 years, 8 months ago

Premarket: The coronavirus pandemic has broken the oil market

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “There’s a lot of oil and no real place to put it right now, so no one wants to take delivery of it,” Randy Giveans, a Jefferies analyst, told me. “We’ve seen more contracts in the last four weeks than for the past four years combined,” …

Coronavirus drug makes investors optimistic, stock markets soar
4 years, 8 months ago

Coronavirus drug makes investors optimistic, stock markets soar

Deccan Chronicle  

London: Global equities surged Friday as reports of encouraging trials for a possible coronavirus drug injected optimism into investors. However, WTI oil prices tanked to $18.03 per barrel to strike a fresh 18-year low point, punished by crude oversupply and virus-hit weak energy demand. After the closing bell in New York, reports emerged of encouraging trials for potential coronavirus drug …

Coronavirus Outbreak: Curtailed trading hours for debt, currency markets will remain in force till 30 April, RBI says
4 years, 8 months ago

Coronavirus Outbreak: Curtailed trading hours for debt, currency markets will remain in force till 30 April, RBI says

Firstpost  

The limited trading hours of debt as well as currency market will remain in force till 30 April amid extension of the countrywide lockdown, the RBI said on Thursday Mumbai: The limited trading hours of debt as well as currency market will remain in force till 30 April amid extension of the countrywide lockdown, the RBI said on Thursday. In …

Dow stock market today: US stocks climb higher
4 years, 8 months ago

Dow stock market today: US stocks climb higher

CNN  

The stock market may have bounced back from its worst lows and plenty of bad news is already priced in, but it still might not be the right place to be invested during the coronavirus recession. “Since the third week of March we’ve been very aggressively going from zero exposure to credit to a large overweight in credit,” Alessio de …

Asian shares gain on hopes of coronavirus pandemic nearing peak, govts to roll out more stimulus measures
4 years, 9 months ago

Asian shares gain on hopes of coronavirus pandemic nearing peak, govts to roll out more stimulus measures

Firstpost  

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6 percent, following a strong Wall Street close Tokyo/Washington: Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices. MSCI’s broadest index of Asia-Pacific shares outside …

Market Ahead, April 9: Top Factors That Could Guide Markets Today
4 years, 9 months ago

Market Ahead, April 9: Top Factors That Could Guide Markets Today

Business Standard  

To begin with, the SGX Nifty is up over 100 points this morning so a green start seems to be on the cards for Indian indices today. News agency Reuters quoted senior officials saying that the government is poised to announce a second stimulus package in coming days which will be worth around Rs 1 trillion and focus on help …

Markets are betting on a V-shaped recovery. Is that wise?
4 years, 9 months ago

Markets are betting on a V-shaped recovery. Is that wise?

The Independent  

There’s been a whiff of optimism on the markets this week, despite the run of historically bad economic indicators we’ve seen and the continuing rise in the Covid-19 death toll. For those who haven’t come across that typically lurid piece of City terminology, it describes the muted rise in share prices seen at the end of a plunge as the …

Should you invest in the time of coronavirus? Here's what experts think
4 years, 9 months ago

Should you invest in the time of coronavirus? Here's what experts think

India TV News  

There is a famous quote by Warren Buffet which suits the current situation of markets that -- "Be fearful when others are greedy, and be greedy when others are fearful". For long term investor this is good time to buy quality stocks at reasonable price Many market experts say that like many other crisis this too will pass and come …

Oil skids on oversupply fears after delay in Saudi Arabia-Russia negotiations; stocks jump on coronavirus-led slowdown
4 years, 9 months ago

Oil skids on oversupply fears after delay in Saudi Arabia-Russia negotiations; stocks jump on coronavirus-led slowdown

Firstpost  

Investors took solace from the fact that coronavirus cases appeared to be reaching a peak in Europe with Italy seeing the number of patients in intensive care falling for the second consecutive day Sydney: Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a …

Coronavirus demands quick action, but the ACT Government will be dealing with the fallout for years
4 years, 9 months ago

Coronavirus demands quick action, but the ACT Government will be dealing with the fallout for years

ABC  

After a fortnight of sensational spending by governments at all levels, it feels a bit like numbers have lost all meaning. A fortnight ago, one of the World Health Organisation's top officials urged governments responding to coronavirus to "be fast … have no regrets". And the Real Estate Institute of the ACT expressed its concerns over the rent relief measures, …

Investor warned clients about coronavirus and markets collapse, says stocks aren't close to a bottom
4 years, 9 months ago

Investor warned clients about coronavirus and markets collapse, says stocks aren't close to a bottom

Daily Mail  

An investor who warned his clients ahead of time about his concerns over the coronavirus and its eventual impact on global markets before the S&P 500 plunged 30 per cent says stocks may be heading for another significant drop. Hedge fund manager Dan Niles warned his clients ahead of time about his concerns over the coronavirus and its eventual impact …

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