Equities In Retreat, GDP Growth In Danger, Fed Downplay’s Rate-Cut Outlook
Equities retreat following a surprise pullback in U.S. markets on Thursday. The risk of a coronavirus-driven market correction grow daily.
European Stocks Pressured by Coronavirus Fears; Euro Zone PMIs Show Better Growth
IHS Markit’s Euro Zone Composite Flash Purchasing Manager’s Index (PMI), seen as a good gauge of economic health, rose to 51.6 in February from January’s final reading of 51.3, beating all forecasts in a Reuters poll.
US stocks post weekly drop as investors reach for safety
The yield on the 30-year US Treasury hit a record low and Wall Street posted its first weekly drop in three on Friday as renewed fears about the economic fallout of the coronavirus and disappointing data stirred concerns about the outlook for the US ec...