(Bloomberg) -- U.S. equity futures declined and the yen edged higher as investors kicked off the week with renewed caution amid the ongoing rise in coronavirus infections. Oil slid.Asian stocks looked set for losses after selling ramped up late Friday on Wall Street. The top U.S. infectious disease expert said deaths may reach 200,000 and President Donald Trump said he was extending virus guidelines to April 30. In Europe, Spain recorded its most daily deaths so far, though fatalities in Italy declined for a second day. The Aussie was lower after the country limited public gatherings to just two people. Meantime, South Africa’s rand tumbled to the lowest on record after Moody’s Investors Service downgraded the country’s debt to junk.Quarter-end strains could add to investor nervousness on Monday and Tuesday as financial firms rein in collateral lending to shore up balance sheets, while Japanese banks face their fiscal year-end. The MSCI...
Stocks futures kicked off the overnight session lower on Sunday as market participants continued tracking the spread of the coronavirus outbreak and the daily life disruptions it has invoked around the world....
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
Liam Eagle, S&P Global Market Intelligence Research Vice President, joins Yahoo Finance Live to highlight a new survey revealing the impact COVID-19 is having on businesses....
