Coronavirus deaths top 10,000 globally | CNN International
Deaths from Covid-19 in Spain hit 1,002 on Friday, an increase of 235 in the past day, according to a Spanish health ministry official.
There have now been 19,980 total cases recorded, said Fernando Simón, director of the Spanish Coordinating Centre for Health Alerts and Emergencies, at a daily briefing.
The 16.5% increase in cases recorded (up 2,833) was slower than in previous days, but Simón warned that many factors affect the number of cases confirmed.
Markets gain as central banks, governments pour in cash | Reuters
NEW YORK (Reuters) – Wall Street retreated on Friday after New York ordered residents to stay home, rattling investors who had welcomed this week’s fiscal and monetary measures to counter the coronavirus shock and help revive the safe-haven appeal of bonds and gold.
Gold rose more than 3% at one point as it regained a bit of its flight-to-safety luster and the yield on U.S. Treasuries fell as emergency measures aimed at stabilizing financial markets briefly took hold after days of sharp volatility.
Goldman cuts first quarter GDP estimate for China, sees 9% contraction vs +2.5% earlier | Financial Post
BEIJING — Goldman Sachs cut its estimate for China’s first quarter gross domestic product to a year-on-year contraction of 9% from a previous forecast of 2.5% growth, citing “strikingly weak” economic data in January and February.
China’s factory production plunged at the sharpest pace in three decades in the first two months of the year, data on Monday showed, as the coronavirus pandemic disrupted the world’s second-largest economy.
U.S. jobless claims may reach 2.25 million, Goldman Sachs economist estimates | MARKET WATCH
The first real bad U.S. economic data from the coronavirus outbreak was released on Thursday, as initial jobless claims surged 70,000 to 281,000, the highest level in 2.5 years. But that is not anything compared with what is in store.David Choi, an economist from Goldman Sachs, says initial claims for the week ending March 21 may jump to a seasonally adjusted 2.25 million. His analysis is based on recent anecdotes from press reports as well as company announcements. Over 30 states have provided preliminary data.
What should equity investors do in current volatile market scenario | Business Today
Stock markets witnessed a bloodbath on Thursday with Sensex and Nifty going down to multi-month lows; investors are struggling to find the right stocks for investing. There is a bearish sentiment in the market and hence, it is important that the investors do not get hassled at the moment, and wait for the right opportunity so that their capital does not get eroded.
The forced halt in stock-market activity, driven by coronavirus outbreak and a geopolitical fight over oil, has proved wrong all algorithms of professional traders and investors.
Coronavirus: Pound plunges to its lowest level in over 30 years | BBC
The pound has fallen to its lowest level against the dollar since 1985, as the spread of the coronavirus pandemic spooks investors.It is currently trading at $1.15, a fall of almost 5% in just one day. It comes as financial markets tumbled again after major stimulus plans failed to quell fears about the economic impact of the virus.