Thursday, March 12, 2020

Thursday Evening Links

[CNBC] Japan and South Korea markets fall more than 6% as Asia markets sell off

[CNBC] Stock futures point to more losses Friday following market’s worst day since ‘Black Monday’

[CNBC] Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash

[Reuters] Markets suffer record meltdown as global coronavirus alarm grows

[CNBC] Fed to pump more than $1 trillion in dramatic ramping up of market intervention

[CNBC] The credit markets are signaling a bigger problem is afoot despite the Fed’s interventions

[Reuters] Wall Street enters bear market as Europe travel ban stuns investors

[CNBC] European stocks close 11% lower in worst one-day drop ever on coronavirus fears

[Reuters] Euro falls as markets unimpressed with ECB stimulus; dollar up sharply

[Reuters] High-yield U.S. bonds suffer more pain as credit woes increase

[CNBC] Oil drops as much as 8%, on pace for worst week in more than a decade

[CNBC] Coronavirus live updates: France shutters schools, New York bans gatherings over 500

[CNBC] House Democrats’ coronavirus bill delayed as GOP pushes to include Trump proposals

[Reuters] U.S. House can fix 'unworkable' coronavirus bill in 24 to 48 hours -top Republican

[CNBC] Coronavirus live updates: Princess cancels cruises for 2 months, MLS suspends season

[Reuters] ECB ramps up stimulus in virus fight but stops short of rate cut

[CNBC] Fed pumps $198 billion into short-term bank funding operations amid big demand

[AP] European Central Bank to buy up to 120 billion euros in bonds, add cheap credit for banks to cushion virus impact

[AP] The Latest: In Italy, hospitals overflow with the dead

[Reuters] UK coronavirus cases rise 29% to 590 in a day, total of 10 dead

[Bloomberg] Treasuries Fail to Hold Gains Spurred by Fed’s Rescue Attempt

[Bloomberg] Bond ETFs Facing Toughest Liquidity Test Yet in Virus Turmoil

[Bloomberg] Risk Parity Trade Made Famous by Ray Dalio Is Now Ringing Alarms

[Bloomberg] Coronavirus Triggers the Worst Market Crash Since 1987

[WSJ] Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets

[WSJ] Everything Is Going Wrong All at Once for U.S. Banks

[WSJ] Oil Markets Point to a Lasting Glut of Crude

[FT] Fed promises to pump trillions of dollars into financial markets

[FT] Cracks in US Treasury market could spell trouble for the system

[FT] Lagarde triggers investor jitters as ECB launches virus stimulus

[FT] Strains in US government bond market rattle investors

[FT] More than 190m Europeans face life under coronavirus controls

Thursday's News Links

[Reuters] Futures hit down trading limit on Europe travel shock

[Reuters] Stocks plummet after Trump bans travel from Europe to contain coronavirus blow

[Reuters] Oil falls 7% as Trump surprises with travel ban

[Reuters] Corporate credit risk heightens as coronavirus impact spreads

[Reuters] Bitcoin plummets as cryptocurrencies suffer in market turmoil

[CNBC] US producer price index fell 0.6% in February, vs 0.1% drop expected

[AP] European Central Bank offers stimulus to offset virus impact

[Reuters] U.S. will loan $50 billion to small businesses, defer taxes to fight coronavirus, Trump says

[Reuters] U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

[CNBC] Coronavirus live updates: WHO urges world to ‘double down,’ Spain’s top soccer league suspended

[Reuters] U.S. House leaders unveil coronavirus bill; Capitol tours suspended

[Reuters] Trump tried to pressure Fed Chair Powell on coronavirus response: Washington Post

[Reuters] China says 'immoral and irresponsible' U.S. officials shift coronavirus blame

[AP] China auto sales plunge in February amid virus shutdown

[Reuters] Mnuchin says IMF and World Bank funds won't repay debts to China

[CNBC] EU condemns Trump’s coronavirus travel ban, imposed ‘unilaterally and without consultation’

[Bloomberg] Here’s What Investors Are Saying About Trump’s Shock Virus Plan

[Bloomberg] Dash for Cash Is On as Corporate Titans Draw Down Credit Lines

[Bloomberg] China Credit Calm Masking Increasing Risks in $5 Trillion Market

[Bloomberg] T-Bills Are Scarce and the Shortage Is About to Get Even Worse

[Bloomberg] A $100 Billion Debt Wave to Crash Over Europe’s Riskiest Firms

[WSJ] Coronavirus Looms Over Crucial Spring Season for Housing Market

[WSJ] Wall Street Plunge Stresses Banks, Treasury Markets

[FT] BofA calls for swift US action as Treasury market ‘deteriorates’

[FT] China’s debt problem is really an asset problem

[FT] Oil crash hits South Korea market for exotic investment products