LONDON The promise of more Chinese stimulus to counteract the economic effects of the coronavirus catapulted Shanghai stocks more than 2% higher on Monday, but investors remained wary of the damage to the already fragile Japanese and euro zone economies, and that was enough to rein in other markets.
LONDON World markets stalled at record highs on Thursday after a change in diagnosis methodology led to a spike in new cases of the coronavirus in China’s Hubei province, the epicentre of the outbreak.
LONDON World markets saw the worst of the coronavirus impact last week, and now that new cases in China have dropped, stocks continue to rise on the assumption the economic impact will be temporary and probably confined to the first quarter.
LONDON Global stock markets pushed higher again on Tuesday after another record-breaking surge on Wall Street, before two of the world’s most powerful central bankers speak later today and address how they may respond to China’s coronavirus outbreak.
LONDON Amid all the market anxiety over the conoravirus and its economic impact, the U.S. dollar surged to its best level in months late last week against both developed- and emerging-market currencies.
LONDON World markets accelerated higher again on Thursday following record closes on Wall Street overnight as investors attempted to see beyond what they expect to be a temporary economic hit from the coronavirus outbreak and focussed instead on the additional stimulus that governments and central banks are prepared to deliver to a global economy which had clearly been picking up steam prior to the health scare.
LONDON The rebound of world equity markets this week in the face of mounting economic disruption from a coronavirus outbreak has been remarkable. Wall Street’s technology-heavy Nasdaq index recaptured record highs overnight and MSCI’s all-country world index staged its biggest one-day gain in six months on Tuesday.
LONDON World markets have calmed down considerably this week as investors assess the likely trajectory of the Wuhan virus and its economic damage.
LONDON The return of Shanghai markets from their week-long new year holiday has seen a cumulative 7.7% drop in its benchmark equity index to reflect the past week of drama surrounding the still-spreading coronavirus, offset in part by an interest rate cut and $176 billion liquidity injection by the People’s Bank of China over the weekend.
LONDON With the Federal Reserve’s first policy decision of the new year out of the way, investor angst over China’s coronavirus outbreak went up another notch on Thursday.