Monday, 24 February 2020 21:42 WIB
U.S. stocks opened sharply lower Monday as fears of the fallout from a global coronavirus spread whacked risk assets.
The Dow Jones Industrial Average opened about 906 points, 3.1%, lower, while the S&P 500 lost 71 points or 2.1%. The Nasdaq Composite dropped about 404 points, 4.2%, at the open.
Stock markets around the globe took a hit and safe haven assets like gold and bonds powered...
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...
Monday, 24 February 2020 19:17 WIB
Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China heightened worries about a hit to global economic growth, prompting a flight to safe havens.
Spot gold was up 1.1% at $1,661.86 per ounce by 0304 GMT, after climbing to $1,678.58 earlier in the session. U.S. gold futures rose 1% to 1,664.60.