Buoyed by company earnings, world markets look past virus death toll
Wednesday, January 29, 2020, 8:20 PM
Global markets showed further signs of stabilisation on Wednesday as investors looked past a rising death toll from China's coronavirus outbreak to tiptoe back into shares and out of safe-haven assets such as the yen and German bonds. European shares opened firmer after Tuesday's 0.8 per cent rise, which was driven by banks after encouraging results from Spain's Santander, and Swedbank a day earlier.
Oil falls for sixth day as China virus spreads
Tuesday, January 28, 2020, 8:08 AM
Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. Brent crude was down 15 cents, or 0.3 per cent, to $59.17 at around 0114 GMT, after touching a three-month low on Monday at $58.50.
Oil prices skid 2%, extending slide as China virus spreads
Monday, January 27, 2020, 8:27 AM
Oil-prices slumped a further 2% to multi-month lows as the rising number of cases of the new China-virus and city-lockdowns deepened concerns about demand for crude, even as Saudi Arabia's energy minister sought to calm the market. Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman Al-Saud said he was watching developments closely in China and said he felt confident that new-virus would be contained.