After “Circuit-Break,” Markets Re-open, Dow Drops More than 2,700 Points

After more than 12 hours of market tumult following the Federal Reserve’s drastic rate cut announcement, stock futures hit “limit downs” earlier this morning, which continued into early trading. Shortly after U.S. markets opened, massive drops and volatility triggered a “circuit-break” to kick in, halting trading for fifteen minutes. Since trading re-opened at roughly 9:50 […]

China factory activity collapses to worst on record as coronavirus pandemic paralyses economy

Reuters reports the following: China factory activity dives to worst on record as coronavirus paralyses economy – PMI * Caxin Feb factory activity contracts at sharpest pace on record * Output, new orders collapse to historic lows as virus jolts * Exports and employment also in sharp contraction * Economy paralysed by outbreak, sharp contraction […]