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The coronavirus outbreak caused the steepest drop in German manufacturers' expectations in the 70-year history of surveys, data showed on Thursday, as the three main economic institutes predicted anything from mild recession to a generational crash.

It’s the morning after the day before, which saw a meltdown in financial markets when investors lost faith in policy intervention as the coronavirus laid siege to some of the world’s top economies. Indiscriminate selling on Wednesday sent stocks tumbling. The S&P fell some 5%, bond markets - including some top safe havens - collapsed, oil prices dived to 18-year lows and gold dropped as investors tried to flog whatever they could.

China's poultry and egg output in 2020 are expected to be level with last year, an agriculture official said on Thursday, despite the severe dispruption to the industry because of the coronavirus epidemic.

The coronavirus outbreak will massively impact the German economy in next two quarters at least, the DIW institute said on Thursday, adding that it expected Europe's largest economy to shrink by 0.1% this year.

Britain's FTSE 100 index is seen opening down 191 points on Thursday, according to financial bookmakers, with futures up about 1% ahead of cash market open.

Britain's Burberry warned that sales in the final weeks of March would plunge by around 70% to 80% compared to last year, as coronavirus caused shops to shut and demand for luxury goods to dry up.

From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic will lead to bankruptcies, defaults and credit rating downgrades.

Lufthansa said that the airline industry may not survive without state aid if the coronavirus epidemic lasts for a long time, as it throws everything at bringing home stranded travellers and keeping industrial supply chains open.

A range of Turkish clothing retailers said they were temporarily shutting stores from Thursday in response to the spread of the coronavirus, after President Tayyip Erdogan advised Turks not to leave home for three weeks unless necessary.

Turkish clothing retailers, including Mavi Giyim and Vakko Tekstil, are temporarily shutting stores in response to the spread of a coronavirus, they said.

India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.

Australia's central bank pumped liquidity into the banking system on Thursday ahead of expected further intervention later in the day, as national airline Qantas stood down two-thirds of its employees because of the coronavirus epidemic.

Brazil has upheld proposals by Boeing Co to buy the jetmaking arm of Embraer, but plunging markets have raised urgent questions over the fate of the $4.2 billion deal as aviation reels from the coronavirus crisis.

Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said.

Brazil has upheld proposals by Boeing Co to buy the jetmaking arm of Embraer, but plunging markets have raised urgent questions over the fate of the $4.2 billion deal as aviation reels from the coronavirus crisis.

Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said.

Qantas Airways Ltd said on Thursday it would halt all international flights from late March until at least the end of May and tell the majority of its 30,000 employees to take leave after Australia advised citizens not to travel overseas due to the coronavirus. [nL4N2BA5XN]

In trading on Wednesday, shares of Compania de Minas Buenaventura S.A. (Symbol: BVN) entered into oversold territory, changing hands as low as $6.50 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used

Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis.

Brazil on Wednesday announced measures to provide the country's aviation industry relief from the coronavirus outbreak, allowing airlines and airports to defer certain fee payments, as pressure for government aid intensified across Latin America.