World Stock Markets and Corona Virus

“ Central banks don’t make Vaccines ”

New York / Hong Kong (CNN Business)

US stock futures and markets in Europe fell Monday despite reassurances from the world's central banks

that they stand ready to help limit the economic and financial damage

caused by the novel coronavirus outbreak.

The world's central banks may take even more dramatic actions

according to Bill Nelson, executive vice president and chief economist at the Bank Policy Institute.

In a note this weekend, he predicted a "coordinated easing across the major central banks,"

possibly including the People's Bank of China and the Hong Kong Monetary Authority

Oil prices rose TODAY, reversing last week’s slide, as confidence grew that the
Organization of the Petroleum Exporting Countries and Russia
would agree to a cut in production this week.

Investors were heartened by separate statements from the Bank of Japan
and Bank of England, both pledging to monitor markets closely and protect monetary stability.

The virus, now detected in at least 61 countries

has shuttered factories and squeezed businesses across the globe

Companies are also readjusting their annual profit expectations

Economists are lowering their forecasts for global growth

hhhhmmmm.....nothing startling as Noon approaches !

U.S. S&P 500 3,035.54
+2.75%

Britain F.T.S.E. 6,654.89
+1.13%

Japan Nikkei 21,344.08
+0.95%

https://www.cnn.com/2020/03/03/business/...index.html
Surprise US rate cut could be start of G7 action

London (CNN Business)
An interest rate cut by the US Federal Reserve on Tuesday

could be followed by similar action in other leading economies around the world

to limit the damage from the coronavirus outbreak.

The highs.....the lows!!
Can make a person go crazy.
Keep calm and stay the course.

Stocks have no idea how to react to coronavirus : Dow tumbles again

Updated 10:45 AM ET, Thu March 5, 2020

The Dow (INDU) dropped more than 800 points, or 3%, within half an hour of the opening bell

setting up Thursday for another session of dramatic losses.

VillageBelle post=380261 Wrote:Keep calm and stay the course.

If coronavirus keeps people at home :

Travel and leisure companies will lose a lot of jet-setters and concert goers

Brick-and-mortar retailers aren't going to get much foot traffic.

If manufacturers can't get parts shipped from overseas, they won't be able to make all their products

and if factory workers are sick, that will slow down production.

First quarter earnings could be a mess