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The outbreak could hit the economy, experts warned as they called back to the fallout from the deadly SARS crisis in 2003.
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 European stocks slumped on Tuesday as worries over a spreading virus in China as well as weak guidance from Swiss banking giant UBS weighed.
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President Trump was scheduled to make his first appearance on the international stage since the House sent impeachment articles to the Senate, on the day his trial is set to begin in earnest.
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 (Bloomberg) -- European stocks dropped alongside U.S. equity futures on Tuesday, tracking broad declines across Asia amid a series of negative developments in Hong Kong and worries about a deadly virus in China.The Stoxx Europe 600 Index fell a second day, with banks among the biggest losers after UBS Group AG missed key profitability and cost targets. Retailers also retreated, with luxury stocks suffering on concern the outbreak of a new coronavirus in China will disrupt spending during a key holiday period. News of the illness spreading rattled Asian markets, with shares in Hong Kong hit particularly hard after a credit rating downgrade and a top official calling for new security legislation.Contracts on the three main U.S. equity benchmarks all pointed to a drop when Wall Street returns from the long weekend. The risk-off mood helped spur some traditional haven assets, with the yen and Treasuries advancing. The Chinese and South Korean currencies weakened. The pound turned higher after better-than-expected U.K. employment figures.Read more: China Virus Concern Hammers Asian Stock SentimentThe emergence of the illness in China is stirring memories of the SARS outbreak 17 years ago for some market watchers, though it's not yet as serious. Still, easing trade tensions, a solid start to earnings season and signs global growth is bottoming have all combined to stoke stocks to multiple records this month; for many investors it may be time for a pause."For the market, the more meaningful driver still remai
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Consumer stocks down as Beijing confirms first case of human-to-human transmission
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 Emerging market stocks and currencies
took a beating on Tuesday as investors turned risk-averse on
growing concerns over the coronavirus outbreak in China, while
South Africa's rand hit a one-month low on a weak economic
outlook.
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Arizona police say 3 children found dead at home Fox NewsPhoenix police: 3 children dead inside home Associated PressThree children under age 4 found dead at Phoenix home, police say AZFamilyCentral Phoenix News PD: 3 young kids found dead inside Phoenix home abc15.com staff 8 ABC15 Arizona3 children found dead in south Phoenix home 12 News
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Logitech International SA
reported a 5.9% rise in adjusted operating income for the third
quarter on Tuesday, boosted by higher demand for its gaming and
video conferencing products.
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 (Bloomberg) -- U.S. stock index futures indicated a negative start after the long weekend, mirroring a sell-off in global equity markets as concerns over the spread of a SARS-like virus from central China prompted investors to book recent gains.S&P 500 Index futures contracts expiring in March fell as much as 0.5% after multiple medical workers were reported to have been infected. Dow Jones Industrial Average contracts were down 0.3% while those on the Nasdaq 100 retreated 0.6%. U.S. markets were closed Monday for Martin Luther King Jr. Day.Asian Tourism, Consumer Stocks Slip Amid Concern of Virus ImpactAsian stocks sank as risk-off sentiment roiled markets and spurred a flight to quality across assets. Gold and the yen climbed and China's yuan weakened by the most in three months. In Europe, the Stoxx 600 fell 1%, with miners, banks and consumer-related stocks leading losses.Worries over the virus come ahead of the Lunar New Year holiday, a busy Chinese traveling period, said Laura Fitzsimmons, executive director at JPMorgan Chase & Co."When we compare this situation with previous virus outbreaks, the level of Chinese travel now is way, way bigger than what we had before," she told Bloomberg TV in Sydney. "How much that industry has grown, how many more are traveling now -- it really does make things on a much larger scale."READ: Here's What Market Watchers Are Saying About the Virus SpreadHong Kong's equity index market fell the most in Asia as concerns linked to the virus in China added to a downgrade b
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 (Bloomberg) -- Financial markets in Asia reeled on concern a deadly virus emanating from China will spread through the region. Moves were exacerbated as traders closed out positions in the run-up to Lunar New Year holidays.Chinese shares in Hong Kong headed for their worst day since October 2018, while global traders offloaded more than 7 billion yuan ($1 billion) of mainland shares through exchange links. MSCI Inc.'s Asian gauge dropped 1%.The virus is another test for a bull run in global equities, which rose to record last week after shrugging off concerns of a wider conflict in the Middle East. Four people have died and a number of medical workers have been infected by the new illness, which emerged in the city of Wuhan. It has since been detected in people in Japan, Thailand, South Korea, as well as other parts of China."It is uncertain how the virus outbreak will develop in China during the holidays," said Jackson Wong, asset management director at Amber Hill Capital Ltd. "We are holding more cash and we are avoiding travel-related stocks and some technology stocks that had already jumped a lot earlier."The Hang Seng China Enterprises Index slumped more than 3% in Hong Kong, where equities were also hit after Moody's Investor Service dowgraded the city's rating and China's new top official in Hong Kong urged the city to enact national security legislation. The CSI 300 Index of stocks in Shanghai and Shenzhen dropped 1.7%.The reaction seeped into broader global markets. S&P 500 Index f
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 Essentially no progress has been made on curbing global carbon emissions since Swedish climate activist Greta Thunberg rose to prominence in 2018, she said on Tuesday at the World Economic Forum in Davos, Switzerland, just hours before President Donald Trump was set to address the conference.
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A large problem remains: Washington does not know what it is trying to achieve
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The phase-two trade deal with China would
not necessarily be a "big bang" that removes all existing
tariffs, U.S. Treasury Secretary Steven Mnuchin told the Wall
Street Journal in an interview.
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 Global shares took a beating on Tuesday, wiping out all gains made at the start of the week as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
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What the royal 'deal' will look like for Prince Harry and Meghan CNNMeghan Markle is only royal family member happy with 'Megxit' deal: royal expert Fox NewsSee Camilla's Off-the-Cuff Response When Asked If She'll 'Miss' Meghan Markle and Prince Harry PEOPLE.comPrince William Reveals a Detail Behind His Proposal to Kate Middleton ELLE.comFollowing 'Megxit,' Kate Middleton, Prin
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Fears of China's Coronavirus Prompt Australia to Screen Flights The New York TimesThis may explain the spread of China's new virus CNNNew coronavirus update: Human-to-human infection confirmed CGTNWuhan pneumonia outbreak: Authorities confirm 4th death CNACoronavirus On The Regional Risk Radar FX EmpireView full coverage on Google News
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Oil prices fell nearly 1% on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.
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 Risk and reward are two of the most commonly used words in investing. The two are symbiotic and complement each other perfectly. Where there is more risk, the reward is likely to be more abundant. Of course, the equation works the other way too: less risk, probably less reward.The thesis is simple: a company such as Google is likely a pretty safe place for an investment. But with a market cap of $1 trillion, how much value can the company add to its share price? On the other hand, investing in a fledgling biotech with life-changing treatments in the pipeline could potentially see an investment yield extraordinary returns. Let's not forget, though, this sort of investment also carries a significant amount of risk with it.With this in mind, TipRanks' Stock Screener pointed us in the direction of three Healthcare stocks the experts on the Street think could soar in the year ahead. And by soar, we mean at least double their current value. The risk here as an investor is higher, but as we know by now, so are the possible rewards. As an added bonus, all three currently have a Strong Buy consensus rating from the Street. Let's take a look at the data.ProQR Therapeutics (PRQR)ProQR's back story is unusual. The company was founded after CEO Daniel de Boer's newborn son was diagnosed with cystic fibrosis. De Boer, with the help of several co-founders, then formed ProQR - a biotech with a focus on providing new medicines for rare diseases. There are approximately 7,000 rare diseases in the world today, and only 400 currently have treatmen
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Facebook will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union.
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Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial.
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C.E.O.s have come to accept the president, in spite of his populist views and governance-by-Twitter style. Tax cuts and a record stock market speak volumes.
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* BOJ keeps policy steady, next hurdle is Trump speech at
Davos
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Logitech International SA
reported a 5.9% rise in adjusted operating income for the third
quarter on Tuesday, boosted by higher demand for its gaming and
video conferencing products.
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Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
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EDU earnings call for the period ending November 30, 2019.
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The IMF expects global gross domestic product will expand by 3.3% in 2020, up from 2.9% in 2019.
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Dershowitz on impeachment reversal: 'I am much more correct right now' CNNMSNBC Host Calls Out Trump's Impeachment Legal Team for Being 'Associated' With 'Pedophile' Epstein NewsweekTrump's legal team details impeachment trial preparations Fox NewsTrump would never go for a plea bargain, so it looks like jury nullification is his only option The Washington Post
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* Uber Eats struggled with losses in India
(Adds details from statement and Uber, background)
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Nolan Arenado feels "disrespected" as Rockies GM Jeff Bridich nixes trade talks The Denver PostNolan Arenado says he had a 'lot of disrespect from people' on Rockies ESPNNolan Arenado: "I Feel Disrespected" By Rockies MLB Trade RumorsNolan Arenado Calls out 'Disrespect' as Rockies GM Shuts Down Trade Rumors Bleacher Report
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BlackRock has set out plans to rid its portfolio of coal companies. But for diversified miners that dig up an array of products, it's not obvious which companies will be axed from the fund management giant's active funds and which will stay.
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Central banks can't be
expected to save the world from climate change, a new book by
the Bank for International Settlement said on Monday, urging
instead global co-ordination ranging from government policy to
financial regulation.
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RELATED ARTICLES | | |
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BlackRock has set out plans to rid its portfolio of coal companies. But for diversified miners that dig up an array of products, it's not obvious which companies will be axed from the fund management giant's active funds and which will stay.
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 (Bloomberg) -- A virus outbreak in China is sending shockwaves through the country's stock market, denting what had been growing enthusiasm toward shares.Consumer shares led losses in the FTSE China A50 Index of large caps Tuesday, which was set for its biggest drop in almost five months. Investors also sold crowd favorites such as liquor makers Wuliangye Yibin Co. and Kweichow Moutai Co., while travel operator China International Travel Service Corp. fell 3.5%. The offshore yuan slid as much as 0.5%, briefly trading on the weak side of 6.9 per dollar.The declines come just days before China celebrates the Lunar New Year, a typically strong season for traveling and consumer spending. Now, there's doubt that markets can continue their ascent after the week-long break."People are getting nervous and cashing out," said Wang Chen, a Shanghai-based partner with XuFunds Investment Management Co. He said his firm has cut some stock positions this week. "We have a long holiday coming up and the virus outbreak, and there was a bit too much hype in the market recently. Outflows via the northbound links and upcoming earnings season are also adding to caution.'Northbound stock links with Hong Kong will be shut for 5 trading days from Friday. After months of buying, foreigners had sold a net 5.1 billion yuan ($740 million) of mainland-listed shares as of the mid-day break, set for the most since early August.It marks an abrupt shift in market confidence, which was riding high as Beijing signed a phase one trade
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Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund official said on Monday.
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Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial, limiting its exposure to a crowded market where it has struggled to grow.
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Passengers from Wuhan, China, will be screened at J.F.K. beginning Friday night, and in San Francisco and Los Angeles starting on Saturday.
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 Boeing Co. is likely to take a "substantial charge" in the fourth quarter to account for the mounting costs of its 737 Max debacle, analysts at Canaccord Genuity said in a note Friday. The analysts, led by Ken Herbert, lowered their price target on the stock to $350 from $370 and also lowered their sales and profit estimates. The Max production ramp could be slower once the plane returns to the skies, they added. The 737 Max has been grounded worldwide since March following two deadly crashes connected to a faulty anti-stall system, and its return-to-service date has stretched for months. "We are surprised the stock has held up as well as it has considering the company is perhaps facing the most severe crisis in its 100- year history, but we continue to see the financial risk as not fully reflected in the stock," the Canaccord analysts said. Shares of Boeing have dropped 8% in the past 12 months, contrasting with advances of 26% and 20% for the S&P 500 index and the Dow Jones Industrial Average .
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.
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