Virus fears push Asian stocks to seven-week low, boost safe-haven assets
Oil prices, a barometer of the expected impact of the virus on the world’s economy, resumed their slide. Brent crude LCOc1 shed a percentage point and has dropped 10% since Jan 20.
“China is the kingpin of the global commodities market,” ING economists said in a note. “The longer factories remain closed, travel restricted and construction stalled, the larger the ramifications.”Most analysts have looked to the impact from the 2002-2003 spread of Severe Acute Respiratory Syndrome , which killed 800 people and pounded tourism and confidence, albeit briefly.
Citi expects China’s 2020 growth to slow to 5.5% because of the virus, after previously predicting it to be 5.8%, with the sharpest slowdown this quarter. That is even more bearish than J.P. Morgan and ING economists, who foresee a slowdown to 5.6.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asian demand for face masks soars on fears of Chinese virusPanic and pollution are driving a surging market for protective face masks in Asia, where fear of the virus from China is straining supplies and normalizing mask-wearing. In some parts of Asia, wearing of surgical masks has become mandatory, for now.
Weiterlesen »
Asian demand for face masks soars on fears of Chinese virusPanic and pollution are driving a surging market for protective face masks in Asia, where fear of the virus from China is straining supplies and helping make mask-wearing the new normal
Weiterlesen »
Stock Market Rebounds From Earlier Selloff, Even As Coronavirus Fears ContinueStocks appear to be making a comeback on Tuesday.
Weiterlesen »
Virus anxiety weighs on Asian stocks, boosts safe-haven bidAsian stocks slipped while gold and bonds were in demand on Thursday as worries ...
Weiterlesen »
Hong Kong stocks pull Asian shares lower but futures offer hopeAsian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong K...
Weiterlesen »
Wall Street Rebounds From Earlier Sell-Off, Even As Coronavirus Fears ContinueU.S. stocks bounced back today, following their worst losses in months yesterday, even as coronavirus fears continue
Weiterlesen »