Tuesday, March 3, 2020

Tuesday Evening Links

[Reuters] Asian shares struggle for traction as Fed cut fails to lift confidence

[Reuters] S&P cuts U.S. growth forecast again as virus spreads

[Reuters] Japan services sector activity shrinks on coronavirus hit: PMI

[Reuters] Debt sales make a comeback after coronavirus shut-down

[CNBC] Dow drops 700 points even after Fed slashes rates to combat coronavirus

[Reuters] Gold soars over 3% after U.S. Fed's emergency rate cut

[Reuters] 10-year Treasury yield falls to all-time low after Powell press conference

[CNBC] Powell says the Fed saw ‘a risk to the outlook for the economy and chose to act’

[Reuters] Fed's emergency rate cut spooks Wall Street

[CNBC] Trump demands ‘more easing and cutting’ after Fed slashes rates amid coronavirus outbreak

[Reuters] U.S. coronavirus cases top 100, second patient confirmed in New York state

[CNBC] Coronavirus live updates: US cases rise to 108, Fed cuts rates on outbreak risk

[CNBC] Top CDC official tells Congress coronavirus almost qualifies as a global pandemic

[CNBC] Fed is a ‘fish out of the water’ in fight against coronavirus, former Morgan Stanley chief economist says

[Reuters] Turkey, Russia face off in Syria as fighting escalates, plane shot down

[Bloomberg] Scott Minerd Says Markets at ‘Moment of Truth’ After Emergency Fed Cut

[Bloomberg] Shadow Banks in India Face Their Biggest Funding Test Yet

[NYT] Fed Slashes Interest Rates in Emergency Move as Coronavirus Fears Mount

[NYT] Global Health Crisis 1, Economic Policymakers 0

[WSJ] A Misplaced Faith in the Power of Central Banks

[WSJ] Coronavirus Delivers Jolt to Sleepy Currency Markets

[WSJ] For Growing Numbers of Struggling U.S. Cities, the Downturn Has Arrived

Tuesday's News Links

[Reuters] Fed slashes rates in emergency move to thwart coronavirus outbreak risks

[Reuters] Gold jumps, world stocks trade erratically after Fed's rate cut

[Reuters] Oil extends gains on expectations for coordinated effort to offset coronavirus impact

[Reuters] Yen, franc rise as coronavirus uncertainty outweigh stimulus hopes

[CNBC] G-7 countries promise to use policy tools but offer no specific actions to combat coronavirus

[Reuters] Exclusive: G7 draft statement on coronavirus response does not detail fiscal, monetary steps - source

[CNBC] Coronavirus live updates: Japan indicates Olympics could be delayed, Trump calls for rate cut

[Reuters] Australia's central bank cuts rates to shake off virus fears

[CNBC] Coronavirus live updates: G-7 to issue statement on mitigating virus impact

[Reuters] Deadly Seattle-area coronavirus outbreak spurs shift in public health response

[Reuters] Turkey shoots down Syrian warplane as fighting escalates

[Bloomberg] Virus Puts Globalized Economy at Risk, Says OECD Chief Economist

[NYT] China Stopped Its Economy to Tackle Coronavirus. Now the World Suffers.

[NYT] China’s Coronavirus Crisis Is Just Beginning

[WSJ] Coronavirus Selloff Reveals the Hidden Mechanics of Financial Markets

[WSJ] China’s Property Market Has Seized Up. Bondholders Aren’t Fazed.

[FT] Coronavirus shatters trust in Iran’s leaders after cases surge