Global stock market rout continues, ASX set to sink for third-straight session

  • 📰 abcnews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 83%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Concerns about the spread of coronavirus and the impact on global economic growth see stocks tumble. The Australian share market eyes a steep fall at the open.

The global stock market rout looks set to extend to a third straight session on the ASX, after a night of steep losses in Europe and on Wall Street, fuelled by coronavirus fears.AUD: 65.99 US cents, 50.75 British pence, 60.63 Euro cents, 72.67 Japanese yen, $NZ1.044Europe: FTSE 100 -1.9pc at 7,017, DAX -1.9pc at 12,790, CAC -1.9pc at 5,679, Euro Stoxx 50 -1.8pc at 3,301In the US, the Dow Jones index initially opened higher.

Markets are now pricing in a 50-50 chance that the Federal Reserve will cut interest rates as early as April, with 50 basis points in cuts priced in this year. "While the fall [in bond yields] probably partly reflects safe-haven flows, we think that it is mainly due to investors revising down their expectations for interest rates in the US substantially," Capital Economics market economist Hubert de Barochez said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

...meanwhile Bitcoin is up 40% since January and Ethereum up 100%. ‘Digital gold’ (as a store of value) appears to be the go-to in tumultuous times?

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités