European stocks move further into correction territory. U.S. stock futures fell sharply on Friday, a day after major benchmarks pushed into correction territory as investor fears heightened over just how much damage the fast-spreading coronavirus will wreak on the global economy. How are major benchmarks trading?
* MSCI ACWI down nearly 10%, S&P500 in correction in just 6 days. * U.S. yield curve firmly inverted, investors fear recession. * Fed rate cut next month seen probable. * European shares fall over 2%-3% * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Marc Jones.
European shares dove 3% on Friday, sliding deeper into correction territory, as investors feared a global recession is on the horizon with the coronavirus spreading across the world. The pan-regional STOXX 600 was on track to record its biggest weekly decline since the height of the global financial crisis in 2008.
More Markets Enter Corrections as Coronavirus Spooks Investors. Global shares fell further, on worries that the economic fallout from the global spread of the coronavirus may be more severe than previously expected. Bets on Interest Rate Cuts Escalate.
* Global shares on track for biggest weekly fall since 2008 crisis. * Low LNG prices stokes demand from India, S.Korea. * Supply ample with several cargo offers. By Jessica Jaganathan. Asian spot liquefied natural gas prices stabilised this week though traders remained wary regarding overall demand as the spread of coronavirus threatens to dent the global economy.
More Markets Head Toward Correction Territory as Coronavirus Spooks Investors. Global shares fell further, on worries that the economic fallout from the global spread of the coronavirus may be more severe than previously expected. Stocks Slide Into a Correction as Virus Fears Show No Sign of Easing.
Stocks Slide Into a Correction as Virus Fears Show No Sign of Easing. Stocks, bond yields and oil prices slid as investors braced for a drop in business activity and corporate earnings following the spread of the coronavirus. The Dow, Nasdaq and S&P 500 are now all more than 10% off their recent highs.
Stocks Slide Into a Correction as Virus Fears Show No Sign of Easing. Stocks, bond yields and oil prices slid as investors braced for a drop in business activity and corporate earnings following the spread of the coronavirus. The Dow, Nasdaq and S&P 500 are now all more than 10% off their recent highs.
U.S. stocks plummeted on Thursday as fears about the effect of the coronavirus outbreak on economic growth flared even as U.S. officials pledged that they were stepping up efforts to safeguard Americans from the virus' spread.
* New infections fall in China but rise elsewhere. * Iran, Italy and South Korea battle epidemics. * Markets fall for sixth consecutive session. * Interactive graphic https://tmsnrt.rs/3aIRuz7. By Stephanie Nebehay and Ryan Woo.
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