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Yahoo BusinessFeb 28, 2020
World Stock Rout Extends With U.S. Futures Sliding: Markets Wrap
(Bloomberg) -- Fear gripped Asian markets Friday and U.S. futures extended losses after the biggest rout for equities on Wall Street since 2011, with investors flocking to the yen to find shelter from the economic impact of the spreading coronavirus.With the likes of Citigroup Inc. analysts saying they want to see markets "closer to panic" before going all-in on global equities, there was no appetite for dip-buying ahead of the weekend. Japan's Topix Index slid over 4%, and Shanghai and Sydney saw declines of in excess of 3%. Nasdaq futures tumbled more than 2% after a 5% plunge Thursday and European contracts indicated another big slide at the open.New Zealand's dollar fell 1%-plus as the country reported its first case of the virus and investors bet on policy easing from the central bank. Meantime, crude oil collapsed below $46 a barrel. U.S. and Australian 10-year yields were at or near record lows.Global shares are on course for the worst week since the 2008 crisis, down more than 10% from this month's peak. That's after California said it's monitoring 8,400 people for signs of the virus after they had traveled to Asia, confirmed cases in South Korea topped 2,000 and Japan began shutting down schools."The markets are terrified that the disruption is going to hit GDP and then will hit profits at some stage," Andrew Freris, chief executive of Ecognosis Advisory Co in London, told Bloomberg TV. "The only thing central banks can do is cut interest rates, and cutting interest rates isn't going to do a

FT.com - Financial MarketsFeb 28, 2020
Gold surges on spread of coronavirus
The yellow metal rallies as it is bought as a hedge to a global downturn

Reuters BusinessFeb 28, 2020
Oil prices on track for biggest weekly decline in over four years
Oil prices plunged to their lowest in more than a year on Friday, putting them on track for the biggest weekly decline in more than four years, as the rapid spread of the coronavirus stoked fears of slowing global demand.

MarketWatch MarketPulseFeb 27, 2020
Tokyo Disney theme parks to close for 2 weeks over coronavirus fears
The operator of Tokyo Disney Resorts announced Friday its theme parks would close for two weeks in an effort to help prevent the spread of coronavirus. Oriental Land Co. , which operates the parks, said it hopes to reopen Tokyo Disneyland and Tokyo Disney Sea on March 16. Oriental Land pays licensing fees to Walt Disney Co. but has no other capital relationship with the entertainment giant. Disney has already shut two of its Chinese theme parks, in Hong Kong and Shanghai, over coronavirus worries. Oriental Land said it made the decision to comply with a request by the Japanese government to cancel or delay public events for the next two weeks. On Thursday, Japan ordered all schools to be closed until the end of March.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



NYTimes BusinessFeb 27, 2020
Coronavirus Fears Drive Stocks Down for 6th Day and Into Correction
The virus, which has now spread to 47 countries, has put pressure on businesses and supply chains around the world.

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Investors ditch market risk as stocks fall into correction (Reuters Business)

Reuters BusinessFeb 27, 2020
Oil prices fall again, on track for biggest weekly drop in over 4 years
Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand.

Google Business NewsFeb 27, 2020
Pence tells 'Hannity' risk of coronavirus spread in US 'remains low' thanks to Trump's 'decisive action' - Fox News
Pence tells 'Hannity' risk of coronavirus spread in US 'remains low' thanks to Trump's 'decisive action'  Fox NewsPence Will Control All Coronavirus Messaging From Health Officials  The New York TimesMeghan McCain scolds audience members after apparent applause for Pence failing on coronavirus  Fox NewsPence's new mission on coronavirus: A controlled message  The Washington Post

Reuters Company NewsFeb 27, 2020
WRAPUP 2-World prepares for coronavirus pandemic; global recession forecast
Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession.

Yahoo BusinessFeb 27, 2020
Korea Cases Top 2,000; Nigeria Confirms Infection: Virus Update
(Bloomberg) -- The number of new coronavirus cases in South Korea crossed 2,000. Japan is closing schools to limit the spread of the outbreak. New cases continue to appear outside of China with Italy, Iran and Kuwait reporting more infections. Nigeria confirmed its first case, the first reported in sub-Saharan Africa.Stocks tumbled with equity markets in Hong Kong, Japan and Australia all losing more than 2%. U.S. health authorities moved to greatly expand the number of people who will be tested, adding travelers from several new countries and people with unexplained, severe respiratory illnesses. California is monitoring 8,400 people for signs of the virus after they traveled to Asia.Key DevelopmentsConfirmed cases worldwide at 83,048; global deaths 2,858China death toll at 2,788, up 44; cases climb to 78,824, up 327South Korea confirms 256 more cases, bringing total to 2,022Limited virus testing in Japan masks true scale of infectionHong Kong dog found to have ‘low level' of virusCoronavirus crisis seeds chaos in Washington and on Wall StreetClick VRUS on the terminal for news and data on the coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.Abe Adviser Says Japan Needs $45 Billion of Extra Spending (11:45 a.m. HK)An adviser to Prime Minister Shinzo Abe said Japan should compile another economic package with fresh spending of at least 5 trillion yen ($45 billion) to respond to a severe hit from the coronavirus outbreak."We should take it very s
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