Tuesday, 25 February 2020 00:08 WIB
European stocks closed sharply lower Monday as investors monitored the continuing spread of the coronavirus beyond China.
The pan-European Stoxx 600 closed down 3.8% to 411.63 , with travel and leisure stocks tumbling over 6% to lead losses as all sectors slid sharply into the red. Italy's FTSE MIB was down more than 1,350 points, or 5.5%. The country reported a sharp spike in coronavirus cases...
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....