The Coronavirus Is Unwinding Global Economic Gains - News Summed Up

The Coronavirus Is Unwinding Global Economic Gains


On today’s agenda: Apple is scheduled to report earnings today. As virus spreads, investors look for safetyAsian stocks fell again today after a global sell-off yesterday, as investors worried that China’s coronavirus outbreak could undo months of economic gains around the world. • Shares in Korea and Singapore fell amid fears that companies in those markets will suffer from a drop in Chinese consumer spending. • The S&P 500 declined 1.6 percent yesterday, while the Stoxx Europe index slipped 2.3 percent. • Brent crude oil fell below $60 a barrel.


Source: New York Times January 28, 2020 11:30 UTC



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