News

The dollar found its footing on Thursday as upbeat jobs data helped it recoup a little of its slide against the euro and it steadied on the yen after the U.S. Federal Reserve’s surprise rate cut.

The 10-year Treasury yield briefly fell below 1% again on Wednesday only to double back and trade higher after the federal government announced an $8 billion spending package to help fight the spread of the coronavirus.

Oil prices fell on Wednesday despite expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.

Gold prices were little changed on Thursday as stronger equities and upbeat U.S. data countered fears that the fast-spreading coronavirus outbreak would slow the global economy.

European markets closed higher Wednesday after the U.S. Federal Reserve’s surprise rate cut stirred hopes other major central banks could follow suit.

Stocks surged on Wednesday as major victories from former Vice President Joe Biden during Super Tuesday sparked a massive rally within the health-care sector.

Stocks in Asia Pacific traded higher Thursday morning after the Dow Jones Industrial Average soared more than 1,000 points overnight stateside.

The coronavirus, which is spreading fast in Europe, is disrupting the operations of hotels and travel firms in Vietnam due to mass cancellations of tour bookings.

 Vietnam’s border trade with China has resumed, but customs clearance of goods through the northern border gates remains slow, with hundreds of container trucks carrying farm produce still stuck there due to the impact of the coronavirus.