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Global Stocks Slide on Coronavirus Fears

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Oil prices fall by the most in over four months as the coronavirus outbreak threatens to weaken economic growth in China, the world’s biggest energy consumer

Stocks and crude oil tumbled Monday on concerns about a dangerous viral outbreak in China, as the detection of infected patients in the U.S., Australia and France led to escalating concerns about its containment and potential economic impact.

Futures linked to the Dow Jones Industrial Average index dropped 1.5%. In Europe, the Stoxx Europe 600 retreated 2.1%, led by declines in the U.K. and France. The Chinese yuan slumped 0.8% against the dollar in offshore trading and the Australian dollar declined 0.7%.

 

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Thank you for the tireless effort to harness this devilish outbreak coronavirus..

Yes we had a position in Oil until Friday when it gave a sell signal. See chart. Key: above the cloud 'in Buy' below 'in Sell' oilandgas oilprice fintwit Commodities

Dubious nexus, at best.

loyalty_marines Wuhan must be isolated

Wuhan Virus culprits Bats-Snakes expose larger world problems WuhanVirus

Don't worry, Suffolk petrol prices won't so much as flutter, for months.

What's happening with the new year

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