Stocks, crude oil and high-yield bonds were clobbered in January as investors ramped up demand for investment-grade bonds and gold. Driving the risk-off sentiment in the latter half of last month: rising concern that the coronavirus that’s spreading in China and beyond will take a bit out of the global economy.
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Daily Archives: February 3, 2020
Macro Briefing | 3 February 2020
Isolating China over virus outbreak will strain global economy: WSJ
China’s stock market plunges on Monday following extended holiday: CNBC
China’s central bank rolls out new monetary stimulus to offset virus risk: BBG
Post-Brexit Britain will not align with EU rules, says UK foreign sec: BBC
China complains that US is spreading fear about coronavirus: Reuters
UK mfg sector activity flat in Jan as political stability returns: IHS Markit
Mfg sector in Eurozone continued to contract in Jan via PMI data: IHS Markit
Eurozone growth slowed in Q4, slumping to softest quarter since 2013: BBG
US Consumer Sentiment Index edges up to “very positive” level in Jan: UoM
US consumer spending’s 1yr trend accelerated sharply to +5.0% in Dec:
