News Highlights: Top Global Markets News of the Day

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

Investors have dramatically reassessed the chances that the Federal Reserve will lower interest rates as soon as next month, betting the coronavirus will force the central bank's hand.

Auto Manufacturers Flying in Parts as Virus Threatens Supply Chain

Auto parts shortages on everything from electronics to brake pads could soon hit North American vehicle factories due to the coronavirus outbreak.

Fed's Evans Says Too Soon to Say if Coronavirus Shock Needs Rate Cut

The U.S. central bank is closely monitoring the fallout from coronavirus, Chicago's Fed president said, but would look for an impact on the economy before thinking of a monetary policy response.

U.K. Consumer Confidence Continues to Rise

British consumer confidence rose for a third straight month in February, continuing an upward trend as Britons anticipate a stronger economy now that an impasse in the Brexit process has been resolved.

Glitch Halts Toronto Stock Exchange Trading

Problems with the order entry system at the Toronto Stock Exchange brought an early end to the trading day in Canada on Thursday.

Industrial Commodities Extend Slide as Coronavirus Dents Demand

Commodities from oil to copper kept dropping, continuing a recent slide with traders expecting the spreading coronavirus to cripple demand.

Investors Drop Italian Bonds, Seeking Safety in German and French Debt

Investors are pulling out of Italian sovereign debt and heading for the safety offered by less indebted economies amid coronavirus fears.

Supreme Court Ruling Opens Door for More 401(k) Suits

The decision 'has pretty significant ramifications for people's ability to bring lawsuits over fiduciary breaches,' one specialist in retirement-plan law said.

Fed's Outstanding Repos Shrink After Thursday Interventions

The overall level of Federal Reserve temporary liquidity provided to financial markets dropped notably Thursday.

  (END) Dow Jones Newswires
  02-28-20 0315ET
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