Thursday, February 27, 2020

Friday's News Links

[Reuters] Dow drops 1,000 points as pandemic fears heighten

[CNBC] 10-year Treasury yield collapses to another record low of 1.16%, 2-year rate tumbles below 1%

[Reuters] Yen soars as investors stampede to safety

[MarketWatch] Global oil benchmark falls to 2 1/2-year low as coronavirus sparks demand fears

[Reuters] U.S. consumer spending slows in January; income surges

[CNBC] Coronavirus: WHO warns virus could spread to every country, Mexico confirms first case

[Reuters] WHO warns of coronavirus spreading worldwide as five countries report first cases

[CNBC] Fed’s James Bullard says rate cuts possible only if coronavirus turns into pandemic

[Reuters] World prepares for coronavirus pandemic; global recession forecast

[Reuters] South Korea coronavirus cases raises to 2,337, BTS cancels concert

[Reuters] Iran closes schools as coronavirus death toll rises to 34

[CNBC] Ex-Fed Gov Warsh sees coordinated global central bank action soon in response to COVID-19

[Reuters] India's economy grows slowly in Dec quarter, with virus impact to come

[Bloomberg] A Brief History of Central Bank Coordination as Debate Heats Up

[Bloomberg] Yen and Euro Stage World-Beating Rallies in Week of Market Chaos

[Bloomberg] Libor Plunges Most Since 2008 After Virus Spurs Bets on Fed Cuts

[Bloomberg] China Makes Bad Loans Disappear as Virus Pummels Banking System

[Bloomberg] Punch-Drunk Traders Now Focus Simply on ‘Survival, Not Returns’

[NYT] Virus Disrupts China’s Shipping, and World Ports Feel the Impact

[WSJ] Euro’s Surge Shows Power of Carry Trades Unwinding

[WSJ] The Invisible Forces Exacerbating Market Swings

[FT] Doubts cast on Federal Reserve’s ability to handle a pandemic

Thursday Evening Links

[Reuters] Wall Street tumbles again on virus fears, confirming correction

[CNBC] 10-year Treasury yield hovers near all-time low

[Reuters] Dollar falls, euro has best day since May 2018

[Reuters] Oil prices dive to lowest in over a year as virus fears grow

[CNN] CDC confirms the first US coronavirus case of 'unknown' origin. The California patient was hospitalized for days before getting tested

[Reuters] No country will be spared, warn experts, as fight against coronavirus ramps up

[CNBC] California is monitoring at least 8,400 people for the coronavirus

[CNBC] WHO says coronavirus entered Iran ‘undetected,’ warns outbreak could be worse than is known

[CNBC] Coronavirus live updates: China reports 44 additional deaths, Moody’s warns about global recession

[Reuters] Blowout fear for FX markets as coronavirus stirs dormant vol trades

[AP] US pending home sales climbed 5.2% in January

[Reuters] Schools shut, travel curbed as world races to fight coronavirus

[Reuters] Italy plays down coronavirus risk as death toll rises, cases jump

[BBC] Syria war: 29 Turkish troops killed in air strike in Idlib

[Washington Examiner] Turkey readies for conflict with Russia in Syria

[NYT] Coronavirus in N.Y.: Growing Anxiety as Doctors Prepare for an Epidemic

[WSJ] U.S. Stocks Slide Into a Correction as Virus Fears Show No Sign of Easing

[WSJ] Why Coronavirus Spreads So Fast: Symptoms Are Mild and People Are Global

[FT] Hedge funds feel the pain after raising ‘long’ bets

[FT] China’s start-ups struggle as coronavirus fear hits funding