Stocks tumble as coronavirus fears overpower stimulus efforts | Markets Insider

European stocks and US futures fell on Thursday as coronavirus fears outweighed stimulus efforts.

US lawmakers approved $8 billion, Chinese finance ministers allocated $16 billion, and the International Monetary Fund earmarked $50 billion to combat the epidemic. Rate cuts and government cash may not prevent coronavirus from disrupting businesses and supply chains, eroding consumer demand, and weakening global growth.

"Investors have stopped backing riskier assets once again as they lose their optimistic side regarding the coordinated action of central banks around the globe," one analyst said.European stocks and US futures dropped on Thursday as investors were swayed more by coronavirus fears than stimulus efforts.infected more than 95,000 people

, killed close to 3,300, and spread to more than 80 countries. The outbreak has forced workers and consumers to stay home to avoid transmitting the illness to others, disrupting businesses and supply chains and weakening consumer demand. As a result, coronavirus threatens to

CoronaVirus has shaken the World market place , most impacted is the Pharma industry ,

Fuck yea !

Singapore Singapore Latest News, Singapore Singapore Headlines

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

WeWork issues first guidance on coronavirus for US tenants - Business InsiderThe company closed over 100 buildings in China because of the threat of the virus, but US members say they received little information before Tuesday.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Frontline unveils $80 million fund to help US SaaS startups expand in Europe - Business InsiderA VC who worked at Google and Twitter identifies 4 reasons why US software companies struggle to expand to Europe and unveils a new $80 million fund to fix it
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks climb after Joe Biden wins big on Super Tuesday, but analysts warn the rate-cut selloff is a huge red flag | Markets InsiderStocks jumped on Wednesday after former Vice-President Joe Biden won big on Super Tuesday. Investors also bet that the Federal Reserve's surpris...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks Remain Volatile, With U.S. Futures Pointing LowerShares in Asia rose, building on a U.S. surge, as investors welcomed growing signs of coordinated action to counter the economic impacts of the fast-spreading coronavirus.
Source: WSJ - 🏆 98. / 63 Read more »

Clorox, Netflix and Zoom see stocks rise alongside coronavirus fearsWhile the outbreak of the novel coronavirus has overall wreaked havoc on the global economy, it has caused stock for a handful of companies to rise sharply. Never let a hoax go to waste! Thank the media for that Mfer. And I put all my money into Corona beer thinking people would want to drink their fears away.... I gotta get a new financial advisor
Source: ABC - 🏆 471. / 51 Read more »