China's factories were dealt a devastating blow in February as the coronavirus epidemic triggered the sharpest contraction in activity on record, a private survey showed on Monday, with the health crisis paralysing large parts of the economy.
Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak.
Irish factory activity grew for a second straight month in February on strong output and orders, a survey showed on Monday, but concerns about coronavirus and a domestic political stalemate tempered expectations for future growth.
(RTTNews) - The China stock market headed south again on Friday, one session after it had ended the three-day slide in which it had fallen more than 50 points or 1.7 percent. The Shanghai Composite Index now rests just above the 2,880-point plateau and the losses may accelerate
The yen and the euro rose against the dollar on Monday on growing expectations that the U.S. Federal Reserve will cut interest rates at its policy review this month to protect the economy from the rapid spread of the coronavirus.
Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would take necessary steps to stabilise financial markets as the coronavirus outbreak clouds the outlook for the economy.
The rout in world stocks deepened on Monday, with investors rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus.
China's central Hubei province, the epicentre of the country's coronavirus outbreak, reported less than 200 cases of new infections for the first time since January.
(RTTNews) - Ahead of Friday's holiday for Peace Memorial Day, the Taiwan stock market had moved lower in two straight sessions, tumbling almost 250 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 11,290-point plateau and it figures to open
Japan's factory activity was hit by its sharpest contraction in nearly four years in February, raising a red flag over manufacturing in the world's third-largest economy as the impact from the coronavirus outbreak spreads.
Australian job advertisements rose for a second consecutive month in February after a sharp decline in December though a prolonged bushfire season and a rapidly spreading virus are seen likely to hurt labour demand in coming months.
Factory activity in China contracted at the fastest pace ever in February, even worse than during the global financial crisis, highlighting the colossal damage from the coronavirus outbreak on the world's second-largest economy.
(RTTNews) - The Singapore stock market has finished lower in three straight sessions, tumbling more than 145 points or 4.8 percent along the way. The Straits Times Index now rests just above the 3,010-point plateau and it's tipped to open under pressure again on Monday.
Goldman Sachs economists on Sunday predicted the U.S. Federal Reserve will cut interest rates aggressively perhaps before its next scheduled meeting in two weeks time, saying the head of the U.S. central bank sent a clear signal with his unscheduled statement on Friday.
The implied yield on U.S. 10-Year Treasury futures traded below 1% for the first time, as investors grew increasingly unnerved by the spread of coronavirus.
(RTTNews) - The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had fallen almost 45 points or 3 percent. The Kuala Lumpur Composite Index now rests just above the 1,480
As a retiree, Social Security will probably provide a lot of your income. It's also an income source experts have classified as ideal because it's guaranteed for life, and checks increase periodically so it maintains its buying power. Because of this, you need to understand fac
(RTTNews) - The South Korea stock market has finished lower in three straight sessions, plummeting almost 120 points or 5.8 percent along the way. The KOSPI now rests just above the 1,985-point plateau and it's looking at another negative lead again on Monday.
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