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U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by 1012 GMT. The front-month […]
Stocks opened sharply higher Friday, but remained on track for a brutal week of losses that saw major indexes tumble into a bear market on uncertainty over the economic impact of the COVID-19 pandemic. Indications lawmakers and the Trump administration were moving close to an aid package were credited with lifting sentiment. The Dow Jones […]
Shares have tumbled after US President Donald Trump restricted travel to the US from mainland Europe in a bid to slow the spread of the coronavirus. Shares US S&P500 futures slumped more than 3 percent, a day after the S&P 500 lost 4.89 percent, putting the index in a bear market, defined as a 20 percent fall […]
European markets opened higher Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. Shares France’s CAC 40 gained 2.5% to 4,750.03. Germany’s DAX rose 2.3% to 10,712.97. Britain’s FTSE 100 added 1.4% to 6,043.49. U.S. shares were set to open lower with Dow futures down […]
Global shares plunged on Monday and prices for crude oil tumbled as much as 33per cent after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen. Global Shares The Nikkei 225 in Japan fell 5.07% to close at 19,698.76, while the Topix […]
Asian Stocks dropped on Friday as volatility continued to grip the markets amid investor concerns over the global coronavirus outbreak. Asian Stocks Japanese stocks were among the biggest losers regionally as the Nikkei 225 dropped 2.72% to close at 20,749.75, with shares of index heavyweight and conglomerate Softbank Group plunging 6.07%. The Topix index fell 2.92% to end its […]