Stocks, oil prices slide as virus sweeps globe

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

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

LONDON - Stock markets and oil prices slid again Wednesday, as major companies began to count the financial cost of the spreading coronavirus.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

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
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Asian stocks, US Treasury yields fall as pandemic fears intensify
Source: ABSCBNNews - 🏆 5. / 83 Read more »

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
Source: rapplerdotcom - 🏆 4. / 86 Read more »