Asia stocks set to trade lower as investors continue to assess economic impact of coronavirus pandemic

Investors will continue to watch for developments on the global coronavirus outbreak, which has already infected more than 691,000 worldwide and taken at least 32,000 lives, according to the latest data compiled by John Hopkins University. Markets have been volatile in recent weeks, seeing sharp movements in both directions as authorities across the globe announced vast amounts of stimulus to stem the economic impact of the virus.

"The big question for markets is whether the huge stimulus introduced so far across the globe will be enough to help the global economy withstand the economic shock from the COVID-19 containment measures," Rodrigo Catril, a currency strategist at National Australia Bank, wrote in a note. "To answer this question one needs to know the magnitude of the containment measures and for how long they will be implemented," Catril said. This was "unknown" at this point, he said, and suggests that markets are "likely to remain volatile" until the uncertainty is resolved.

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.

These stocks are primed for a recovery when the coronavirus crisis passes, analysts sayYour weekend brief: These stocks are primed for a recovery when the coronavirus crisis passes, analysts say Pro Nothing like profiteering during a human health crisis. Using a crisis to sell. Not cool. Sure, you can get run over. Thanks for providing liquidity.
Source: CNBC - 🏆 12. / 72 Read more »

Bracing for the worst from U.S. earnings in a pandemicInvestors are desperate for clarity on U.S. corporate profits as the coronavirus pandemic has forced them to lower expectations ahead of the first-quarter reporting period starting in mid-April. We will balance, with sectors That are overwhelmed with Production Bracing for another American war on some poor country most likely with natural resources to get some money back.... Lonely bull.
Source: Reuters - 🏆 2. / 97 Read more »