The sour mood carries over to Europe in early trades - German DAX futures -2.1% - French CAC 40 futures -2.1% - UK FTSE futures -1.6% ForexLive After a decent performance yesterday, European stocks will have a lot do in catching up to the late losses in Wall Street overnight as well as the softer risk mood today.
Reasons for Gold's glow Gold has had a pullback and now we have a base in place on the four hour chart. Two dips down into the Pivot Point have found buyers each time.
US Treasury 10-year yields are at fresh record lows under 1.30% ForexLive The franc and yen are among the top performers to start the day as there is a growing fear in the market of the virus outbreak turning into a worldwide pandemic.
Comments by PBOC vice governor, Liu Guoqiang - Will increase re-lending and re-discount credit - Will launch policies to support capital replenishment of smaller lenders The Chinese central bank continues to reiterate their determination to push forward with more stimulus measures to prop up the economy. Expect more easing measures down the road as China continues on its
A WHO official with a remark over the coronavirus cases in Italy ForexLive Okay, this is a piece from Corriere which is saying that the Veneto region did not follow test guidelines when testing patients for the infection. Just take note that Veneto had 71 reported infections in the country yesterday, out of the nearly 400
Daily thread to exchange ideas and to share your thoughts The fear over the next two days going into the weekend is that there could be a more widespread outbreak just waiting to happen in the US and I reckon that will surely send risk packing further down the road.
Remarks during a briefing by China's industry and information technology ministry official, Zhang Kejian As mentioned yesterday, the major corporations will have no problems with resuming work/business but smaller companies will still face significant troubles as they have to battle against the stigma that the virus is actually dying down in the country.
Asian markets slump on growing coronavirus pandemic fears ForexLive The standout performer remains Chinese stocks with the Shanghai Composite up by 0.1% on the day, as the situation in mainland China appears to be getting better - investors also can take heart in additional stimulus by local authorities.
Further remarks by Kataoka - It is most important for BOJ to first scrutinise the impact on the economy - If necessary, BOJ won't hesitate to ease further - Strong signal is needed to convey the message that sluggish prices are unacceptable ForexLive
An update as the virus cases continue to spread across Europe Again, just be mindful of more potential actions by other countries and governments should the situation continue to worsen in the coming days/weeks.