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RICE of gold surged to a seven-year high last week as investors sought a safe haven while volatility saw the S&P500 index close the week at up 20.7%.
NEW YORK: Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low.
AS EXPECTED, Donald Trump is still the president of the United States and this is what the markets were expecting as most of the members of the senate were republicans.
The dollar surged by 1.14% to 98.496 largely underpinned by stronger economic data, signalling that the US economy remains resilient despite concerns over slower global growth.
KUALA LUMPUR: Paramount Corp Bhd, Careplus Group Bhd, Genting Malaysia Bhd, MISC Bhd and Uzma Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
NEW YORK: The dollar gained and a gauge of global equity markets surged for a third day on Wednesday, as investors cheered expectations of more central bank stimulus and reports that scientists were developing a vaccine for the deadly coronavirus.
HONG KONG: Asian manufacturing gauges stumbled in January, suggesting that the United States-China trade agreement has failed to spur sentiment for an industry now bracing for supply-chain disruptions and a blow to demand from the spread of the coronavirus.
ONE of the main events of the week was supposed to be Brexit and a possible interest rate cut by the Bank of England.
NEW YORK:Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
NEW YORK: Global equity markets posted their biggest weekly and monthly loss since August on Friday as growing concerns about the economic impact of the coronavirus outbreak in China sapped risk appetite and lifted the safe-haven Japanese yen and Swiss franc.