@AlliesFin
*Very Good Morning!!!*
*Coronavirus Death Toll*
4,614 people have died so far from the coronavirus COVID-19 outbreak as of March 11, 2020, 22:20 GMT.
There are currently 126,009 confirmed cases in 122 countries and territories . vis a vis previous day there were 118.880 confirmed cases in 117 countries and 4,269 deaths. (6%)
Currently Infected: 54,346 vs 49,506 ; Cases with Outcome: 71,665 vs 69,374; Recovered/Discharged : 67,051 vs 65,105 (94%); Serious/Critical: 5,944 vs 6,045 (11%); Mild Condition: 48,402 vs 43,461 (89%).
Sensex: 35,697: +62: +0.18%
Nifty: 10,458 (-7) (-0.2%)
Dow: 23,553 (-1,465) (-5.86%)
S&P: 2,741 (-141) (-4.89%)
Nas: 7,952 (-392) (-4.70%)
Brazil: 85,171 (-7,043) (-7.64%)
Ftse: 5877 (-84) (-1.40%)
Dax: 10439 (-37) (-0.35%)
Cac: 4610 (-26) (-0.57%)
WTI Oil: $33.00 (-4.2%)
Brnt: $35.79 (-3.84%)
Gold: $1638 (-%)
Silver: $16.76
Copper: $248.15
Eur-$: 1.1256
GBP-$: 1.2821
$-Jpy: 104.49
Re: 73.6425 (-0.60%)
US10yr: 0.87%
GIND10YR 6.13: +0.97%
$ Index: 96.5070: +0.10%
Vix: 53.9: +13.95%
BalticDry: 627: +11: +1.79%
*ADR/GDR*
Cogni (-4.73%)
Infy (-3.16%)
Wit (-4.85%)
IciciBk (-3.93%)
HdfcBk (-4.54%)
DrRdy (-2.41%)
TataMot (-10.42%)
Vedanta (-8.73%)
TatSt (-2.84%)
Axis (-0.24%)
SBI (-2.94%)
RIGD (-0.16%)
INDA (-4.41%) (IShares MSCI INDIA ETF)
INDY (-4.38%) (IShares MSCI INDIA 50 ETF)
EPI (-4.49%) (Wisdom Tree India Earning)
*U.S. stocks slumped Wednesday, with the Dow ending in bear-market territory for the first time in more than a decade, after the World Health Organization designated the global spread of COVID-19 a pandemic, unnerving investors already disappointed with the lack of an economic policy response from the Trump administration.*
*Market participants were further rattled following a Reuters report that the White House had ordered top-level coronavirus meetings to be classified. In the U.S. alone, more than 1,000 cases have been confirmed.*
The Dow Jones Industrial Average plunged 1,464.94 points, or 5.9%, to settle at 23,553.22, with the blue-chip benchmark’s close below 23,641.14 marking a bear market, widely defined as a drop of at least 20% from a record intraday peak. The S&P 500 & Nasdaq dipped into bear territory before closing 19% below its high.
The S&P500 and Nasdaq have closed lower for four of the past five trading days.
*Markets were looking for reassurances from the U.S. government that it would be at the ready with a quick fiscal stimulus package to bolster the economy from the coronovirus epidemic.*
*The WHO declaration rattled already on edge that the spreading virus will upend global growth. President Donald Trump didn’t keep his promise to detail stimulus plans, and late Wednesday said he the U.S. may not need to take those measures “if we get rid of the problem very quickly.” He plans to make a statement at 8 p.m. in Washington.*
*However, U.S. Treasury Secretary Steven Mnuchin said Wednesday a robust economic stimulus won’t be able to pass Congress quickly and he threw the Trump administration’s support behind a smaller measure designed to help small businesses and workers grappling with the coronavirus outbreak.*
Disappointment over a lack of fiscal stimulus plans dragged stocks lower, but the WHO’s declaration viral outbreak as a pandemic — a term that refers to the spread of a disease from human-to-human on several continents, appeared to help deepen selling pressure on Wall Street.
*In a bid to calm market jitters, President Trump on Wednesday held a press conference with America’s top banking executives only minutes after the closing bell.*
*Meanwhile, policy makers internationallly have begun to ease the pressure on businesses, with the Bank of England delivering an emergency interest rate cut and the U.K. government pledging fiscal stimulus in its budget Wednesday. The central bank lowered its main interest rate from 0.75% to 0.25% and announced a new term-funding scheme to support small and medium-sized businesses, along with measures to hel
By: via @AlliesFin Serve T.ME/ALLiESFiN
