Stocks, oil prices slide as virus sweeps globe

Heavy selling followed another rout Tuesday on Wall Street where all three main indices lost around three percent after officials said COVID-19 would likely take hold in the United States.

London's benchmark FTSE 100 index dropped below 7,000 points, erasing all gains won over the past year, while oil prices slid to the lowest levels in more than a year. French food giant Danone said it expected to take a hit of 100 million euros in first-quarter sales. With panicked investors seeking out safe havens, the yield on both 10-year and 30-year US Treasury bills are at record lows, while the Japanese yen is gaining.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Oil prices slide as virus circles globe, stocks seek relief'What we appear to be seeing is the realization that global economic growth could well come to a halt,' says analyst Michael Hewson. nCoV coronavirus
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »

Asian stocks, US Treasury yields fall as pandemic fears intensify
La source: ABSCBNNews - 🏆 5. / 83 Lire la suite »

Oil prices slide as virus circles globe, stocks seek relief'What we appear to be seeing is the realization that global economic growth could well come to a halt,' says analyst Michael Hewson. nCoV coronavirus
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »