The global stocks plunge as Crown Fears Deepen

The global stocks plunge as Crown Fears Deepen

global stocks fell to lows of four months, the public debt yields to unprecedented levels and crude oil extended declines as the fear of the spread of the crown sunk deeper. The S & P 500 index fell to the lowest level to close the 4.4% of the day. And earlier whipsawed investors, lower by contacting the California governor said at the end, the state 8,400 people for signs of the virus was monitored after traveling in Asia. The drop of more than 10% since last Friday, the benchmark on pace for its worst week since the global financial crisis in 2008 and helped the index to push what is known as a correction. The MSCI All-Country World Index fell to the lowest level since October, while the Stoxx Europe 600 has also entered a correction. “Stocks and bonds say they are doomed to fail,” said Chris Rupkey, chief financial economist for Union Bank of California. “Who has a better idea of ​​what lies ahead, let us know, because now the direction is preparing for the down economy.” The outbreak has the potential to become a pandemic, and is at a crucial stage, head of the World Health Organization said Thursday. The world economy is required on track for its weakest year since the financial crisis that the damage the virus in China and beyond, expected Bank of America. Previously, Goldman Sachs lowered its growth forecast of profits US companies to zero. Germany believes possible stimulus measures to curb the economic impact. Saudi Arabia stopped religious visitors, drawing millions. Sign up for our daily newsletter crown by clicking on this link, and send any tips, leads and [email protected] stories. haven assets continue to be in demand, and the yen strengthened 10 year yields in the US and Australian government bonds hit fresh record low. Oil fell further. The pound reversed a profit after U.K. The European Union has said it could be reached by the bargaining table in June on foot if progress is not made in a trade agreement. Investors in a Fed Easing calculated later in July in April by another rate cut, showing the swap data while betting increased for Japan to Australia easing after the International Monetary Fund cut its forecast worldwide growth. to mount further losses as investors weigh every gloomy title on the virus. health officials in the United States on Wednesday said they have found the first case of the disease, has no connections to a known outbreak. Microsoft Corp. joined a growing list of companies on the impact of the virus warning on operations. “The way the market goes down, it happened pretty fast, but it is very difficult to say that it’s over,” said Sameer Samana, senior strategist of the global market at Wells Fargo Investment Institute. “It has triggered a multi-step process, and you are probably still in the first phase.” Keep the result of companies like shooting: Baidu Inc., Occidental Petroleum Corp. and Dell Technologies Inc. on Thursday after the US Commerce and the London Stock Exchange Group Plc on Friday.Here have come some of the most important weekend events: industrial production in Japan, orders and retail sales data are due on Friday. These are the most important steps in the markets: stocks, the S & P 500 fell 4.4% to 2,978.48 as of 04:02 New York time, the lowest decline in its sixth consecutive year and more biggest fall in eight years to take 19 weeks. The Dow Jones Industrial Average fell 4.4% to 25,763.96, the lowest in six months his sixth consecutive decline, to reach the biggest jump in nearly two years. The Nasdaq composite index fell 4.6% to 8,566.48, the lowest in nearly 12 weeks, the biggest fall in eight years. The MSCI All-Country World Index fell 3% to 521.99, the lowest in 19 weeks at its sixth consecutive decline and the largest drop in nearly four years reached. The Bloomberg Currencies Dollar Spot Index dipped 0.3% to 1,211.80. The euro gained 1% to $1.0989, the strongest in almost three weeks, the biggest increase in 21 months. The Japanese yen appreciated 0.5% to $109.85 for the strongest in more than a week. Bonds dropped the yield on Treasuries to 10 years five basis points to 1.28%, reaching the lowest on record with his sixth decline. The Treasury bond yield to 30 years fell four basis points to 1.78%, the lowest hit record with his sixth decline. 10-year yield in Britain fell three basis points to 0.47%, the lowest in nearly 20 weeks at the eighth straight decline and achieved the biggest decline in almost four weeks. German 10-year yield dipped four basis points to 0.54%, the lowest in almost 20 weeks. Commodities gold-weakened 0.1% to $1,637.44 per ounce. West Texas Intermediate crude fell 3.8% to $46.68 a barrel, the lowest in 14 months hit with his fifth decline and the biggest drop in almost seven weeks. Equities The S & P 500 fell 4.4% to 2,978.48 at 4:02 am New York time, the lowest decline with its sixth consecutive year and to take the biggest fall in eight years in 19 weeks. The Dow Jones Industrial Average fell 4.4% to 25,763.96, the lowest in six months his sixth consecutive decline, to reach the biggest jump in nearly two years. The Nasdaq composite index fell 4.6% to 8,566.48, the lowest in nearly 12 weeks, the biggest fall in eight years. The MSCI All-Country World Index fell 3% to 521.99, the lowest in 19 weeks at its sixth consecutive decline and the largest drop in nearly four years reached. The Bloomberg Currencies Dollar Spot Index dipped 0.3% to 1,211.80. The euro gained 1% to $1.0989, the strongest in almost three weeks, the biggest increase in 21 months. The Japanese yen appreciated 0.5% to $109.85 for the strongest in more than a week. Bonds dropped the yield on Treasuries to 10 years five basis points to 1.28%, reaching the lowest on record with his sixth decline. The Treasury bond yield to 30 years fell four basis points to 1.78%, the lowest hit record with his sixth decline. 10-year yield in Britain fell three basis points to 0.47%, the lowest in nearly 20 weeks at the eighth straight decline and achieved the biggest decline in almost four weeks. German 10-year yield dipped four basis points to 0.54%, the lowest in almost 20 weeks. Commodities gold-weakened 0.1% to $1,637.44 per ounce. West Texas Intermediate crude fell 3.8% to $46.68 a barrel, the lowest in 14 months hit with his fifth decline and the biggest drop in almost seven weeks. – With the help of Luke and Claire Ballentine Kawa.