Coronavirus effect on Global Economy and Stock Market | 23 March | EquityRT

EquityRT Analyst
| Mar 23, 2020
Coronavirus Effect on Global Economy

Coronavirus effect on Global Economy and Stock Market. We listed the news about this topic.

For the first time in 228 years, the New York Stock Exchange will open without its trading floor

For the first time in its 228-year history, the New York Stock Exchange will tomorrow open without its trading floor. The disruption is symbolic, underscoring how the new coronavirus has run riot through the world, though the floor closure itself will likely have little if any impact on the $28 trillion stock market.

Trading will be fully electronic when the bell rings and buying and selling starts at 9:30am New York time. Most of the action already took place in a data center, and now, temporarily, all of it will. Executives are shutting down the trading floor to protect employees and stop the spread of Covid-19 as New York is declared a major disaster.

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Coronavirus, impact on economic activity to continue to dictate stock market trends this week: Analysts

New Delhi: Trading at the Indian bourses this week would continue to be guided by developments on the coronavirus front and concerns over its impact on the economic activity will most likely weigh on the markets, according to analysts.

“The markets will continue to focus on whether the virus infection rate peaks out and also on the coordinated actions of the RBI (Reserve Bank of India) and the government to support businesses with relief package,” Vinod Nair, head of research, Geojit Financial Services, said.

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A fresh wave of coronavirus job losses is about to come crashing down

The coronavirus pandemic has quickly thrust the world into recession as bars and restaurants shut down and countries instruct their citizens to hunker down. The question now is just how deep the pain will be, and how long it will last.

A picture of the economic devastation in North America and Europe has already started to emerge. A US government report published Thursday showed that 281,000 Americans filed for their first week of unemployment benefits last week — a sudden 33% jump over the week before and the largest percentage increase since 1992.

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Coronavirus impact: 5 dos and don’ts to protect your investment portfolio in a bear market

For the first time in a decade, Indian investors are witnessing a full-blown bear market. The frontline BSE Sensex index has tanked 30% from its January peak. The earlier crash had seen the index lose 60% of its value. Investors are worried how big the cut will be this time and how they can protect their finances. While the reasons for stock market crashes vary every time, the basic tenets of surviving these events remain the same. If you follow the principles outlined below, you should be able  ..

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Dow Jones Futures Hit ‘Limit Down,’ As U.S. Coronavirus Cases Approach 35,000; New York Cases Surge Above 15,000

Dow Jones futures plunged in Sunday evening’s trading session, along with S&P 500 futures and Nasdaq futures, triggering the “limit down” rule after Congress failed to reach a deal on a $2 trillion stimulus package. When trading resumed, the Dow Jones futures were still down more than 4%. Global coronavirus cases topped 335,000, while U.S. cases neared 35,000 with over 15,000 in New York state alone, as the coronavirus stock market correction crash continues. Dow Jones stock Apple (AAPL) hit new correction lows Friday.

Top stocks to watch in the current coronavirus stock market correction include Alibaba (BABA), Amazon (AMZN) and Nvidia (NVDA). Key earnings results this week include Dow Jones stock Nike (NKE), Lululemon (LULU) and Micron Technology (MU).

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Source: EquityRT MacroAnalytics

Disclaimer: The information in the publication is not an investment recommendation and it is not an investment or an offer or solicitation to purchase or sell any financial instrument. Reasonable care has been taken to ensure that this publication is not untrue or misleading when published, but EquityRT does not represent that it is accurate or complete. EquityRT does not accept any liability for any direct, indirect, or consequential loss arising from any use of this publication. Unless otherwise stated, any views, forecasts, or estimates are solely those of the author, as of the date of the publication and are subject to change without notice.

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