asian countries/regions
U.S. stock futures point to further sharp declines as Asia follows Wall Street plunge
U.S. stock futures fell sharply on Friday, a day after major benchmarks pushed into correction territory as investor fears heightened over just how much damage the fast-spreading coronavirus will wreak on the global economy. How are major benchmarks trading? Dow Jones Industrial Average futures …
Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market
The old saw used to be that when the U.S. sneezes, the rest of the world catches a cold. Now, a more apropos adage for market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession. Indeed, recession fears resurfaced …
Why one of the world’s top investors says now may be the time to raise cash
‘In these factious times, investors are hard put to find their footing. They face rising uncertainty but falling returns. By some measures, uncertainty about economic prospects is currently highest on record. Further, policy makers seem to have limited ammunition to reflate economies.’ That’s the bleak assessment of the global landscape offered …
Asian shares mostly fall as new stock market debuts in Shanghai
Asian shares were mostly lower Monday after Wall Street ended last week lower as investors continue to watch for what may be in store for U.S. interest rates. Japan’s Nikkei 225 NIK, -0.23% …
Asian markets recover after China’s GDP growth fails to meet already low expectations
Asian markets recovered from early losses Monday, as China posted its weakest quarterly GDP growth in at least 27 years. Data on Monday showed the world’s second-largest economy expanded by 6.2% over a year earlier, down from the previous quarter’s 6.4%. The result was the slowest since the first quarter of 1992 when the earliest …
A global ‘shock to markets’ could trigger next financial crisis, warns Roubini
The Federal Reserve is widely expected to strike a dovish chord when it meets this week, clearing the way for a July rate cut — the first in more than a decade — that almost 40% of economists in a Wall Street Journal poll are expecting. While a hawkish Fed no longer looms large over …