Friday, 28 February 2020 23:58 WIB
European stocks extended a historic week of losses on Friday as the coronavirus outbreak continued to pummel global markets into correction territory.
The pan-European Stoxx 600 closed 3.8% lower at 374.69 as markets around the world tanked. The benchmark lost 12.7% for the week, its worst since October 2008 at the height of the global financial crisis.
Basic resources dropped 4.6% to lead...
Tuesday, 25 February 2020 22:17 WIB
U.S. consumer confidence edged up to the best level in six months on an improvement in expectations, signaling that solid employment and cheap fuel are helping Americans look past concerns about the spread of the coronavirus.
The Conference Board™s reading increased to 130.7 from a downwardly revised 130.4 in January, according to data from the New York-based group Tuesday that fell...
Friday, 28 February 2020 23:41 WIB
The pound dropped sharply on Friday, losing nearly 1% against the euro and the dollar as worries about the fast-spreading coronavirus sent investors out of currencies deemed riskier.
As investors rushed for the safe-haven Japanese yen, Swiss franc and U.S. dollar, sterling fell to its lowest against the dollar since October. Other currencies closely linked to risk sentiment also tumbled - the...