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

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NEW YORK, Feb 19 ― Gold rose and global equity markets slid yesterday after Apple Inc said it was unlikely to meet its sales guidance because of the coronavirus outbreak in China, a warning highlighting the epidemic's threat to global growth and corporate profits. China reported its fewest new...

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.

 

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