Analyst Views – Markets roiled as China virus spreads

Uncertainty over a virus outbreak in China and its spread around the world is roiling markets, sending stocks lower and investors scurrying into safe-haven assets. Investors are worried about the impact on both Chinese and global growth and cited a “sell now, ask questions later” approach. COMMENTS: DAVID KELLY, CHIEF GLOBAL STRATEGIST, JPMORGAN FUNDS, NEW […]

US Open – Safe-Havens Soar on Contagion Concerns, Stock Selloff Accelerates, Demand woes for Oil, Gold and Bitcoin surge

The market selloff that everyone was waiting is here.  The US stock market rally was overextended, and investors will use the coronavirus epidemic as the trigger needed to deliver a pullback. The weekend news had no shortage of headlines.  Much of the American press focused on the tragic death of Kobe Bryant and his daughter […]

European open – Coronavirus, gold, oil

Europe Lower as Virus Fears Spread Europe is heading for a weaker open on Monday, with traders rattled by the spread of Coronavirus over the weekend as China steps up efforts to contain it. Source – Thomson Reuters Eikon With most Asian markets closed around the Chinese New Year, it’s difficult to get an accurate gauge […]

Market’s Fears Spread Along With Wuhan Virus

The sense of serious concern about the economic effects of the Wuhan virus – evident on Wall Street Friday – has turned into something approaching panic in Asia this morning. China has taken the unprecedented step of extending the Chinese New Year holiday until February 2nd as it ramps up efforts to control the spread […]