Coronavirus pummels financial markets; Japanese island declares state of emergency

[mia]

Source: Washington Post


Fears that a coronavirus pandemic could tip the world economy into recession sent global stocks into a tailspin Friday, with markets on track for their worst week since the financial crisis.

European indexes fell sharply, led by losses in the travel and resources sectors, continuing the slump in Asia earlier in the day. U.S. futures pointed to further losses on Wall Street at the open Friday.

While there were indications that the outbreak may be slowing in China, France and Germany reported upticks in infections and South Korea’s tally surpassed 2,300, as more events were canceled and airlines said they would cut flights. In Japan, officials declared a state of emergency in the northern island of Hokkaido and told residents to stay indoors.

Investors have watched the outbreak with increasing concern, dumping risk assets and piling into havens such as U.S. Treasury bonds. U.S. crude futures slipped again Friday, raising expectations that officials from oil-exporting nations will cut output after they meet next week.


Read more: https://www.washingtonpost.com/world/2020/02/28/coronavirus-live-updates/

[yaesu]

1. The Banksters are in panic mode, they are doing a better job than tRump at trying to cover up the

covid impact but it won't work, even their billions can't stop that runaway train.