China has emerged as the focal point of the coronavirus outbreak, yet, surprisingly, its stock market has shown the least decline among major global equity markets as of March 12. This observation is drawn from analysis using a variety of exchange-traded funds.
As coronavirus infections increase globally: Reuters
The US initiates airstrikes against Iranian-backed militia positions in Iraq: CNN
Risk of a global recession escalates, economists warn: WSJ
What might a recession in the US look like this time? NY Times
The US stock market faces a potential historic downturn following Friday’s trading: MW
Global interest rates approach zero amid pandemic fears: Bloomberg
US producer prices in February recorded their largest drop in five years: CNBC
While US jobless claims remain low, the impact from coronavirus is anticipated to follow: MW
The S&P 500 index on Thursday dropped to its lowest level since December 2018:
The recent downturn in the US stock market signifies expectations of an impending economic recession, primarily triggered by the fallout from the coronavirus. Although this risk cannot be overlooked, current data does not concretely suggest that a US recession is imminent. However, it is increasingly likely that economic growth will decelerate, potentially at a notable extent. The determination of whether an economic contraction is on the horizon remains contentious. Nonetheless, the market seems to be bracing for adversity, aggressively adjusting future expectations. The coming days and weeks will be crucial in evaluating if forthcoming economic reports validate the market’s apprehensive outlook.
President Trump announces a travel ban from Europe to the US as a measure against the coronavirus: BBC
The State Department urges citizens to reconsider international travel: CNN
Germany’s Chancellor Angela Merkel states that up to 70% of the population could contract the virus: BBC
The European Central Bank is expected to unveil a significant stimulus plan to counteract the virus’s impact: CNBC
Saudi Arabia intensifies its oil-price war: CNN
US consumer price inflation increased to 2.4% in February, the highest rate since 2018: MW
The S&P 500 index approaches a near -20% decline, nearing bear market territory after a significant drop on Wednesday:
Is the infection rate of new coronavirus cases in South Korea beginning to peak? While it’s still uncertain, the latest data hints at this possibility, suggesting a potential light at the end of the tunnel for both South Korea and the global community. While this remains a speculative assertion, it is a possibility that merits close observation as updated statistics come in.
Joe Biden strengthens his lead in the Democratic primary after Tuesday’s voting: CNN
The ECB chief warns that Europe faces a severe economic shock due to coronavirus: Bloomberg
Washington considers methods to bolster the economy as coronavirus cases increase: Reuters
The Bank of England announces an emergency interest rate cut as a response to the virus: CNBC
Saudi Arabia plans to further increase oil production: WSJ
Companies are focusing on cash reserves as the virus disrupts their business outlook: Reuters
Putin weighs the possibility of becoming president for life in Russia: Vox
Small business owners in the US maintained optimism in February: NFIB
US same-store sales reveal ongoing strong retail spending trends: BB
In the 1974 film “Chinatown,” the character Noah Cross advises detective Jake Gittes, “You may think you know what you’re dealing with, but believe me, you don’t.” This sentiment resonates with investors, portfolio managers, and economists who study economic and market history, often assuming that future events will mirror past patterns and drop significant signals prior to crises.
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President Trump is set to propose measures aimed at mitigating the economic consequences of the coronavirus outbreak: WSJ
Analysts evaluate both the economic and political ramifications of the crisis: Reuters
Italy expands emergency measures nationwide in response to the outbreak: BBC
Is a victory for Biden in Michigan today a signal for his nomination hopes? CNN
What is the anticipated duration of the oil conflict between Saudi Arabia and Russia? CNBC
Historical patterns show that sharp declines in stock markets are often followed by rebounds: MW
How will the coronavirus influence upcoming US primary elections? NY Times
The yield on safe-haven German 10-year bonds approaches -1.0%, hitting a record low: Reuters
Equity markets suffered last week from selling spurred by concerns about the coronavirus, and more turbulence is anticipated today. However, in a remarkable turn of events, US real estate investment trusts (REITs) defied this trend by delivering the most significant gains among major asset classes up to March 6, as evidenced by a selection of ETFs.
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Global markets plunged on Monday as the number of coronavirus cases continues to escalate: CNN
North Korea launches projectiles off its eastern coastline amidst rising tensions: Politico
The 10-year Treasury yield sinks to a new all-time low overnight at 0.3469%: CNBC
Oil prices plummet as Saudi Arabia initiates a price war: CNN
Gold prices rise above $1700 per ounce for the first time since late 2012: Reuters
US payrolls saw strong growth in February: MW
Consumer credit growth in the US slowed during January: Mstar
The trade deficit in the US narrowed more than expected in January: CNBC
The real yield on 10-year Treasury TIPS has dropped to -0.57%, the lowest level since 2013:
