Coronavirus - US urges reconsidering travel to South Korea

Travel advisory in the wake of ever increasing infections on South Korea: And now might be a good time for North Korea to get frisky: ForexLive

South Korea confirms 334 more coronavirus cases, total 1595

more to come   ForexLive

South Korea, U.S. decide to indefinitely postpone upcoming combined exercises over coronavirus concerns

Earlier this week the news was the exercises had been scaled back. Cancelled now, news via Yonhap (SK media) ForexLive

The US CDC confirms first case of coronavirus of unknown origin

ForexLive had this news an hour ago (more), it prompted the sell off on Globex of US stock index futures CDC now: CDC Confirms Possible Instance of Community Spread of COVID-19 in U.S.

Korea's central bank leaves its benchmark rate unchanged (a cut was widely expected)

Bank of Korea left its base rate at 1.25% (25 bp cut was the expected) ForexLive

AUD response to the Q4 big capex miss (spoiler, there does not appear to be one)

AUD had a bit a of a wiggle after the private capital expenditure data:  Taking some of the edge off the actual capital tanking was a boost to planned capex (see the post for details).

Australia Q4 capex -2.8% q/q (vs. expected 0.5%)

Private new capital expenditure in the fourth quarter of 2019, a big, big miss More: - Estimate 5 for '19-20: AUD 120bn (from 117 for the previous estimate, 4) Another drag on Q4 GDP (data due Wednesday 4 March) 

US President Trump says he disagrees with the Federal Reserve on interest rates

The press briefing is about the tragic events unfolding on the coronavirus outbreak but Trump gets in his dig at the Fed.  Trump wants the US stock market propped up to help his election chances, so he wants the Fed to lower rates.

Citi: reluctant to buy the dip in risk assets just yet

Citi with similar thoughts to Goldman Sachs  (ie.  ) Goldman Sachs is looking for more downside for US stocks Citi note: - reluctant to buy the dip in risk assets "just yet"

Goldman Sachs is looking for more downside for US stocks

A few snippets, this from GS Without more clarity on a stabilization of global growth, it seems too early to add risk tactically the risk of a more prolonged drawdown remains

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