Japan's Nikkei share average fell for a fourth day on Thursday as investors were spooked by the rapid expansion of the global coronavirus outbreak, with the United States reporting its first possible community spread. By 0338 GMT, the Nikkei share average fell 1.84% to 22,013.23, flirting with its lowest level since mid-October.
Futures down another 1% following a fifth straight day of losses for Dow, S&P 500. U.S. stock futures fell Wednesday night, after a news conference by President Donald Trump failed to reassure investors and as a new case of coronavirus with no known origin was discovered in California. Dow Jones Industrial Average futures sank around 300 points, and S&P 500 and Nasdaq Composite futures were also off by more than 1%.
While playing down the threat to the U.S. of the coronavirus, which has sent the stock market reeling this week, President Donald Trump also blamed the Democratic presidential candidates for the market's plunge. In a press conference Wednesday evening, the president also took aim again at the Federal Reserve, castigating the central bank for holding U.S. interest rates higher than the zero-percent rates set by central banks in Europe and Japan. That also is causing the dollar to...
* Stock slide slows, but losses grow. * Nikkei down more than 1%, Hong Kong down 1%, E-minis drop. * U.S. crude at one-year low. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Tom Westbrook. Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds.
Realty Income Corp (O): * REALTY INCOME ANNOUNCES PRICING OF 9.0 MILLION SHARE COMMON STOCK OFFERING. * NET PROCEEDS FROM OFFERING, AFTER UNDERWRITING DISCOUNTS AND COMMISSIONS, WILL BE APPROXIMATELY $677 MILLION. * PUBLIC OFFERING OF 9 MILLION COMMON SHARES OF CO PRICED AT PUBLIC OFFERING PRICE OF $77.40 PER SHARE Source text for Eikon: Further company coverage:
* Consumption may weaken further as virus outbreak hits - Katoaka. * Repeats call for BOJ to deepen negative rates. * Adds BOJ should promise to act if inflation deviates from range. * Gov Kuroda has dismissed idea of policy review. By Leika Kihara.
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand. Brent crude was down 77 cents, or 1.4% at $52.66 a barrel at 0204 GMT.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Tracking the coronavirus: https://tmsnrt.rs/3aIRuz7. * Dollar benefits as investors flock to Treasuries. * Virus now spreading more quickly outside of China. * Risk aversion to remain a diver of currency markets. By Stanley White.
The Bank of Japan should review its monetary policy framework to re-examine its tools for propping up inflation, one of its board members said on Thursday, as the fallout from the coronavirus outbreak risks tipping the economy into recession.
Canadian Apartment Properties Real Estate Investment Trust: * CAPREIT REPORTS CONTINUED GROWTH AND STRONG OPERATING PERFORMANCE IN 2019. * CAPREIT- QTRLY NFFO PER UNIT $0.545. * CAPREIT- QTRLY OPERATING REVENUES $206.9 MILLION VERSUS $177.7 MILLION. * CAPREIT - QTRLY NET RENTAL INCOME $135.7 MILLION VERSUS $111.9 MILLION.
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