Global Markets:
- Asian Stock Markets : Nikkei down 0.55%, ASX down 1.35%
- Commodities : Gold at $1577.45 (0.00%), Silver at $18.03 (-0.16%), Brent Oil at $58.52 (-0.10%), WTI Oil at $53.14 (0.00%)
- Rates : US 10-year yield at 1.617, UK 10-year yield at 0.511, Germany 10-year yield at -0.378
News & Data:
- (JPY) SPPI y/y 2.10% vs 2.10% expected
- (USD) New Home Sales 694K vs 730K expected
- (CNY) CB Leading Index m/m 1.40% vs 1.50% previous
- (GBP) High Street Lending 46.8K vs 44.0K expected
- (EUR) German Ifo Business Climate 95.9 vs 97.1 expected
- Coronavirus death toll rises to 100 from 76. Hubei also confirms 1,291 new cases
Markets Update:
Asian stock markets are in negative territory on Tuesday, extending losses from the previous session amid concerns about the global economic impact of the fast-spreading Wuhan coronavirus. Health authorities in China said that the coronavirus outbreak has killed 106 people and infected more than 4,500 people. The virus has now spread to more than ten countries, including the U.S., France, Australia and Canada.
Markets in China and Hong Kong were closed on Tuesday for holidays. The Japanese market is sharply lower for a second straight day and the safe-haven yen strengthened following the weak cues from Wall Street. Shares in Australia also declined on the day, as the S&P/ASX 200 dropped 1.35%.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.954 after seeing levels below 97.6 last week.
Oil prices were mixed in the afternoon of Asian trading hours, with international benchmark Brent crude futures slipping fractionally to $58.52 per barrel.
Upcoming Events:
- 08:00 AM GMT – (EUR) Spanish Unemployment Rate
- 01:30 PM GMT – (USD) Core Durable Goods Orders m/m
- 01:30 PM GMT – (USD) Durable Goods Orders m/m
- 03:00 PM GMT – (USD) CB Consumer Confidence
- 03:00 PM GMT – (USD) Richmond Manufacturing Index