Global stocks slide on Apple's virus warning, euro near three-year low | Malay Mail

Wednesday, 19 Feb 2020 07:07 AM MYT

Chinese officials reported 1,886 new cases ― the first time the daily figure has fallen below 2,000 since January 30. The number of deaths, 98, fell below 100 for the first time since February 11. Forecasters, including the International Energy Agency , have cut 2020 oil demand estimates because of the virus.The pan-European STOXX 600 index lost 0.38 per cent and emerging market stocks lost 1.11 per cent.

“We're seeing some renewed weakness in the stock markets following the announcement by Apple,” said Saxo Bank analyst Ole Hansen. “It's having a global impact on supply chains and shipments ― this will have a negative impact on growth expectations.” The euro was down 0.39 per cent to US$1.0792, while the dollar index rose 0.43 per cent. The Japanese yen strengthened 0.01 per cent versus the greenback at 109.88 per dollar.

BursaKL down to 1500 !

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid-19 infections slow in China as Apple becomes latest business casualty | Malay MailBEIJING, Feb 18 — The number of new coronavirus infections in mainland China fell below 2,000 today for the first time since January, although global experts warn it is still too early to say the outbreak is being contained. The economic fallout from the epidemic spread to US technology titan...
Source: malaymail - 🏆 1. / 86 Read more »

China stocks end lower as Apple warning raises economic impact fearsSHANGHAI/SINGAPORE: China's blue-chip stocks ended lower on Tuesday as Apple warned that it was unlikely to meet its March quarter sales forecast as the Covid-19 coronavirus slowed production and weakened demand in China.
Source: staronline - 🏆 4. / 75 Read more »