Monday, 24 February 2020 23:38 WIB
Stocks fell sharply on Monday as the number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading.
The Dow Jones Industrial Average traded 886 points lower, or 3.1%. The S&P 500 slid 3% while the Nasdaq Composite traded 3.5% lower. At its low of the day, the Dow was down 997.04 points. The 30-stock Dow is also negative for...
Monday, 24 February 2020 16:38 WIB
German business morale rose unexpectedly in February, a survey showed on Monday, easing recession fears in Europe™s largest economy which has been losing momentum as its manufacturers struggle with falling exports.
The Ifo institute said its business climate index rose to 96.1 after an upwardly revised 96.0 in January. The February reading compared with a Reuters consensus forecast for a fall...
Tuesday, 25 February 2020 00:02 WIB
The Japanese yen jumped versus the U.S. dollar on Monday in a risk-off move spurred by the rise in coronavirus cases.
The safe-haven yen was last up 0.93% at 110.52 per dollar. The dollar index, which weighs the greenback against a basket of six peers can also function as a safe-haven trade, but was in negative territory for the day, likely because of a significant move lower in U.S. equities....