Coronavirus

Capital Markets Remain Fragile after Yesterday’s Bloodletting

Overview:  Yesterday’s bloodletting in global equities has calmed, but investors remain on edge. Despite all the concerns that the markets were under-appreciating the implications of the new coronavirus, there is a sense that yesterday’s moves were in excess. Japanese markets, which were closed on Monday, played catch-up today, and the Nikkei shed 3.3%. Australia’s market …

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Dollar Rides High as Eurozone Disappoints, and Caution Sets In

Overview: A more cautious tone is evident today in the markets, which seem to have run well ahead of macro developments and evidence that the new coronavirus is not yet contained. After a roughly 3.5% advance in the past three sessions, the MSCI Asia Pacific index pulled back with nearly the markets in the region slipping. …

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Contagion Impact not Peaked, Weighs on Risk Appetites

Overview: The ongoing concerns about the geometric progression of the new coronavirus continues to swamp other considerations for investors. Risk continues to be unwound, as the World Health Organization meets to decide if this is indeed a global health emergency. Several large equity markets in Asia were hit particularly hard. Taiwan re-opened from the Lunar New …

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