TOP MARKETS NEWS: Week 02/24 – 03/01

Weekend 02/29 & 03/01

Washington State Announces First Coronavirus Death In The US; Trump Reportedly Planning New ‘Restrictions’ At Mexican Border: Live Updates – Zerohedge


China Reports Catastrophic Data: PMIs Crash To Record Low, Confirming Coronavirus Collapse – Zerohedge
China February factory activity contracts at record pace as coronavirus bites – Reuters
Week ahead: A covid-19 recession in -20? – nordea
Corona-Crash Sparks Fastest ‘Correction’ In History On Record-Breaking Volume – Zerohedge

 

 

Friday 02/28

British Airways and easyJet warn of coronavirus impact as markets tumble again – business live – guardian

Is Wall Street Behind The Delay In Declaring The Covid-19 Outbreak A “Pandemic”? – Zerohedge
“Emergency Is On The Table”: Goldman, BofA Brace For Crisis, Predict Multiple Rate Cuts In Coming Weeks – Zerohedge
Dollar dives to 20-week low against yen on Fed rate cut hint – Reuters

Chicago PMI Rebounds, But Signals Economic Contraction For 8th Straight Month – Zerohedge
Fed’s James Bullard Says Rates Cuts Possible If Virus Becomes Pandemic – Bloomberg
“Hundreds Of Millions Of Dollars Lost” As Shipping Rates Collapse Due To “Hugely Disruptive” Virus – Zerohedge
The coronavirus outbreak may have a two-quarter hit on China’s economy, says Stephen Roach – cnbc
$5 Trillion Wiped Out From World Stocks Amid Fastest Collapse In History – Zerohedge

Coronavirus crash wipes $5 trillion off world stocks – Reuters
BASF profit and sales fall as it warns of coronavirus impact – Marketwatch
World stocks set for worst weekly slump since 2008 as pandemic fears intensify – Reuters

 

 

 

Thursday 02/27

Business Live – guardian
Factbox: Latest on coronavirus spreading in China and beyond – Reuters

California monitoring more than 8,000 people for coronavirus – thehill
5 Reasons Why Dollar is Getting Dumped – bk

Traders Now Betting On Two March Rate Cuts As OIS Craters – Zerohedge
BNY Mellon strategist says ‘you can’t actually model this’ as sell-off continues – cnbc
The Last Time This Happened Was Days Before The Great Depression – Zerohedge
Goldman Now Expects Zero Earnings Growth In 2020 – Zerohedge
Bank of America forecasts global growth to be worst since financial crisis – Marketwatch
Revised Q4 2019 GDP Print At 2.1%, Just As Expected – Zerohedge
US Durable Goods Orders Show 6th Straight Month Of Annual Declines – Zerohedge
VIXmageddon Sends US Majors Below Critical Technical Support – Zerohedge

China’s top container ports unclog backlog as virus curbs ease – Reuters

Germany warns it’s ‘at the beginning of a coronavirus epidemic’ – Marketwatch
Exclusive: China Blocks Access to Cheap Epidemic Loans for 48 Firms – caixinglobal
Dow set to drop 300 points on report of first US coronavirus case of unknown origin – msn
CDC confirms the first US coronavirus case of ‘unknown’ origin. The California patient was hospitalized for days before getting tested – cnn
Asian markets slump following further losses on Wall Street – Marketwatch

 

 

Wednesday 02/26

Business Live – guardian

10-year Treasury yield drops to new record low of 1.30% on coronavirus fears – cnbc
French Car Market Slammed 18%, Adding To Global Auto Industry Meltdown – Zerohedge

Moody’s cuts 2020 global auto sales outlook on coronavirus hit – Reuters
Covid-19: Why won’t the WHO officially declare a coronavirus pandemic? – newscientist
Danone posts profit fall and sees ‘volatile and uncertain’ 2020 – Marketwatch
Peugeot 2019 profit and sales rise, but sees slowing Europe market ahead – Marketwatch
Rio Tinto annual net profit falls on writedowns – Marketwatch

 

Tuesday 02/25

Business Live – guardian
Germany Confirms First Coronavirus Case As CDC Warns Pandemic “No Longer A Question Of ‘If’, It’s A Question Of ‘When'”: Live Updates – Zerohedge

China factories struggle to get back online amid virus outbreak – Marketwatch
Dow drops 600 points as officials warn of coronavirus spread, two-day loss totals 1,600 points – cnbc

Coronavirus latest: Stark CDC, WHO warnings add to global gloom: ‘This could be bad’ – yahoofinance

Dow sees biggest back-to-back point drop on record amid coronavirus jitters – Marketwatch
The 10-year Treasury yield sets a new all-time low — here’s why – Marketwatch
Spain 30-yr bond deal sees over 20 bln euros in investor interest-lead – Reuters

China’s main manufacturing hubs reboot after virus shutdown – Reuters

Coronavirus Puts Europe’s Corporate Bond Market Into Deep Freeze – Bloomberg
GLOBAL MARKETS-Asia share slide pauses, awaiting clarity on pandemic risk – Reuters

 

Monday 02/24

Stock markets slump as coronavirus spreads in Europe – business live – guardian

Virus fears rise: Investors worry about supply chain and pandemic-type spread – Reuters
China Mobile Phone Sales Crash Most On Record – Zerohedge
Will the Coronavirus Trigger a Global Recession? – pj
Markets bet Fed is pushed to cut rates in coronavirus response – Reuters
Morgan Stanley: If We Close Below 3,235, Systematic Selling Will Become “Self-Fulfilling” – Zerohedge
The 10-year Treasury yield is sliding toward its all-time low — here’s why – Marketwatch
Rabobank: Our Coronavirus Base Case Is Rapidly Shifting From “Bad” To “Ugly” – Zerohedge
Italian stocks slump 4%, leading European equities lower as coronavirus spread rattles investors – Marketwatch

China’s Xi rallies people back to work as country continues to battle virus outbreak – cnbc