Financial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus.
A 5% plunge in share prices in neighboring Taiwan and Hong Kong as soon as they opened after the Lunar New Year break has given markets a taste of what to expect from Shanghai on Monday. Eyes will also be on the People’s Bank of China to see what monetary support it might stump up.The virus’s progression has been likened to a schlock science fiction movie, replete with conspiracy theories around symptomless transmission and super-spreaders.
Troubled Deutsche Bank reported a major loss due to one-offs, but shares rose nonetheless as investors turned their focus on the bank’s turnaround potential. With higher interest rates still far off, banks are finding it challenging to grow. But after 20 straight months of downgrades, earnings estimates have started to stabilize.
Worries of a trade-war-induced slowdown have faded since the Federal Reserve delivered three rate cuts in 2019. Recent data has largely shown the U.S. economy continuing to expand at a moderate pace, and the Fed has signaled that its monetary policy stance is unlikely to change this year.Trader Michael Urkonis works on the floor of the New York Stock Exchange on Jan. 28.When a slight U.S. inflation uptick pushed stock markets lower on Feb.
globeinvestor The virus is just a bid for protesting and violence. GLOBALIZATION IS A REVOLUTION. They need a total breakdown of society to bring it in. Just stay vigilant, but ignore the provoking for violence. Britain 🇬🇧 saved Democracy and got out.