More than $ 250 billion has been wiped out by major tech companies

Shares of Big Tech companies took a hit Monday after a surge in coronavirus cases renewed fears of a global economic slowdown. So far, Apple, Facebook, Amazon, Microsoft and Google-parent Alphabet — the five most valuable U.S. companies by market cap — have collectively lost more than $250 billion in value as part of a […]

Negative sentiment continues to weigh on major indexes

Global index futures continue to decline, as investors continue to watch developments surrounding the coronavirus outbreak that was first reported in China, but has spread rapidly in other countries especially South Korea and Italy, which reported a spike in the number of confirmed cases in recent days. On Sunday, Seoul raised its coronavirus alert to […]

UK – PMI: 53.3 vs 53.4 expected

Manufacturing PMI Prior: 50 Survey: 49.7 Actual: 51.9 Services PMI Prior: 53.9 Survey: 53.4 Actual: 53.3 *In the case of economic news, investment banks, market makers and prime brokers may quote broader spreads, sharp moves, gaps, and possible execution at a price different from the stated (the first possible market price). In the first few […]

U.S. stocks are mixed as conflicting signals in recent days about the containment of the coronavirus outbreak and its potential economic impact subdued investor sentiment. China has stepped up efforts to limit the economic impact of the viral outbreak by lowering both short- and long-term lending rates this week. The central bank also plans to […]

UK – Retail sales, better than expected, positive data for GBP

UK – Retail sales Prior: -0.6% Survey: 0.7% Actual: 0.9% *In the case of economic news, investment banks, market makers and prime brokers may quote broader spreads, sharp moves, gaps, and possible execution at a price different from the stated (the first possible market price). In the first few seconds, performance may be delayed due […]

Germany – GfK consumer climate, 9.8 as expected

Germany – GfK consumer climate Prior: 9.9 Survey: 9.8 Actual: 9.8 *In the case of economic news, investment banks, market makers and prime brokers may quote broader spreads, sharp moves, gaps, and possible execution at a price different from the stated (the first possible market price). In the first few seconds, performance may be delayed […]