As the coronavirus spreads in the financial hub of New York, financial firms ? led by the Securities Industry and Financial Markets Association (SIFMA)? have triggered their contingency plans and are taking other precautions. As of Sunday, here is the state of play: BACKUP OPERATIONS Firms began...
https://www.hellenicshippingnews.com/wall-street-coronavirus-contingency-plans-the-state-of-play/
A recovery in world stock markets and oil prices picked up pace on Tuesday, as global policymakers signalled a united front to address the economic fallout from the spreading coronavirus. Europe’s main bourses surged more than 2.5% in what was shaping up to be the region’s best day since 2016 as...
https://www.hellenicshippingnews.com/global-markets-here-comes-the-cavalry/
Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed. The findings come as major indexes on Wall Street look set...
Risk aversion drove global stocks lower on Thursday, increasing their drop in value this week alone to more than $3 trillion, and U.S. Treasuries yields hit record lows as the coronavirus spread faster outside China than in. The number of new infections in China – the source of the epidemic – was...
Listed Chinese companies are queuing up to issue shares and have already announced plans to raise more than $10 billion in the past week after fundraising rules were relaxed to help ease cash strains caused by the coronavirus. More than 50 companies, including Bank of Ningbo and battery maker...
Asian shares were under water on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of U.S. assets, lifting the dollar to three-year highs. Adding to the tension was the imminent release of flash manufacturing surveys for a range of countries....
https://www.hellenicshippingnews.com/asian-funds-seek-a-sheltered-shore-in-u-s-assets/
European stocks slipped Friday, with Italian assets under pressure, dragged down by a simmering confrontation between Italy and the European Union over the nation’s proposed budget. The Stoxx Europe 600 fell 0.5% in morning trade, with the auto and parts subsector falling hardest, down 2.7%. U.S....
https://www.hellenicshippingnews.com/european-stocks-slip-as-chinese-shares-rebound/
Wall Street’s on a frenetic quest to uncover the culprit behind the global equity rout — and a straightforward theory from Goldman Sachs Group Inc. is one of the more dispiriting. Slice and dice cross-asset gyrations to filter out the noise, and the broader market signal is unmissable: Investors...
European stocks slumped to a 21-month low on Thursday after Wall Street’s worst losses in eight months triggered a surge of global selling that also hit Asia and emerging markets. Losses in London , Paris and Milan were at nearly 2 percent ahead of what looked set to be another early dive from Wall...
https://www.hellenicshippingnews.com/european-stocks-slump-to-21-month-low-wall-street-braces/
European markets fell on Monday as investor confidence took a knock from last week’s spike in Treasury yields and from a Chinese market slump brought on by concern that an escalating trade war with the United States could curb China’s growth. Chinese markets re-opened after a week’s holiday, and...