tyb
chek't
Virus anxiety weighs on Asian stocks, boosts safe-haven bid
Asian stocks slipped while gold and bonds were in demand on Thursday as worries about the spread of a new virus from China sent investors heading for safety. The Federal Reserve kept interest rates unchanged on Wednesday, as expected, although bank Chairman Jerome Powell’s comments about a low inflation outlook added to U.S. government bonds’ appeal.
Yields on benchmark 10-year U.S. Treasuries, which fall when prices rise, tumbled nearly 9 basis points overnight to 1.5790%, and drifted lower to 1.5750% in Asian trade US10YT=RR, not far above a three-month low of 1.5700% hit on Tuesday.
Gold extended overnight gains to rally 0.2% to $1,579.60 per ounce XAU
U.S. Fed chairman Jerome Powell said, after keeping rates on hold as expected, that the central bank “is not satisfied with inflation running below 2% and it is not a ceiling.”
With the Fed’s targeted core inflation running at 1.6%, the remark was interpreted as scene-setting for a rate cut, with markets now pricing in a 10% it could come in March. Powell also snuffed a small rally in equities on Wall Street, saying the new coronavirus, which has been spreading rapidly from its origin in Wuhan, China, added to global uncertainty.
China’s National Health Commission said on Thursday the total number of confirmed deaths from the coronavirus in the country climbed to 170 as of late Wednesday, as the number of infected patients rose to 7,711. The World Health Organisation’s Emergency Committee is due to reconvene on Thursday to decide whether the rapid spread of the virus now constitutes a global emergency.
Oil prices, which have been sliding in anticipation of the virus hurting global demand, sat close to lows touched on Monday.
https://www.reuters.com/article/us-global-markets/virus-anxiety-weighs-on-asian-stocks-boosts-safe-haven-bid-idUSKBN1ZT053
https://www.cnbc.com/asia-markets/
https://www.marketwatch.com/investing/bond/tmubmusd10y
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
>Brian Patch
>he's had the fed pumping markets to make his policy look good and now they are stuck in a trap.
and they did the entire thing to themselves and can blame no one but.
you are correct..what is different this time is that mkts used to tank far moar on much less information /news. It's a thing of beauty to watch now.
appreciate the support and feedback.
o7
ty anon. that really makes me have muh feelzz.
people get to chose what they take in and I'm fine with that. Wuz a little insecure about it 1.5 yrs ago but that's how we "grow up".
It's visible for the length of the bred and as long as it's out there I am habby. Most of the market action posts is/are for outside the board as most in here are pretty aware.
ty again Patriot!
it has to look good into november for both sides and none of them would jeopardize it now. Look at early 2016 up to election day..same type of patterns. IMO all the trade deals need to be set prior to any pin being pulled on the debt bombs.
The HFT boi's are fucked too as they can't afford a drop as they all own so many shares plus all the big corp's have been on debt-fueled share buybacks for a few years now. It's complicated and I do not envy POTUS/crew one bit. Watch what munchkins does/doesn't do.