Stocks, dollar tumble as investors keep selling amid coronavirus fears
A pedestrian wearing protective gear walks along Lujiazui financial district in Shanghai, China on March 17, 2020.
US stock futures were a hair's breadth from hitting session down limits. The growth-sensitive Australian dollar was crushed 4 percent to a more than 17-year low. MSCI's broadest index of Asia-Pacific shares outside Japan fell 5 percent to a four-year low, with Korea and Hong Kong leading losses. It has killed more than almost 9,000 people globally, infected more than 218,000 and prompted emergency lockdowns on a scale not seen in living memory.
Investors will be parsing US weekly jobless figures due at 1230GMT, and in the weeks to come to gauge the depth of layoffs.The selloff followed an attempt at stabilising in morning trade, with an ECB pledge to buy $820 billion in bonds through 2020 offering some support.The Reserve Bank of Australia also cut interest rates to a record-low 0.25 percent and announced an historic foray into quantitative easing after at an out-of-cycle meeting.
In currency markets, everything except the dollar and the euro collapsed. Sterling fell 1 percent to $1.1490.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
White House, Senate GOP working on $1T stimulus package, cash payments to AmericansThe White House and Senate Republicans are working on a $1 trillion economic stimulus package — the third infusion of emergency spending to help the U.S. economy amid the coronavirus pandemic. The measure would include direct payments to Americans.
Consulte Mais informação »
Coronavirus surging in Southeast Asia, with new cases traced to religious gatheringA weekend of prayer at a mosque complex outside Kuala Lumpur is linked to more than 400 coronavirus infections in six countries.
Consulte Mais informação »
Coronavirus live updates: US cases surpass 5,000, Mnuchin says Americans 'need cash now'The development of coronavirus vaccines and treatments are underway. Currently, there is no proven therapy for the virus that has sickened more than 185,000 worldwide.
Consulte Mais informação »
Mnuchin says Trump administration is looking to get cash to Americans 'immediately'There have been 7 new 52-week highs in the S&P 500 today, including names like Campbell Soup and General Mills. Citrix, Clorox, and WEC Energy have notched all-time records.
Consulte Mais informação »
Disney Taking Massive Financial Hit But Has Cash Enough To Weather Disruption, Moody’s SaysGiant ratings agency Moody’s Tuesday outlined the massive financial hit Disney is taking in the current coronavirus pandemic but said the company has enough cash to weather the disruption. &…
Consulte Mais informação »
The Coronavirus Economy Is Forcing People To Ask For Cash On TwitterAs the economy crashes, people are using the platform to raise money for things like groceries, rent and medical bills.
Consulte Mais informação »