Wednesday, March 18, 2020

Another Tough Day Ahead 又一个艰难的一天

。Futures tumble, hit ‘limit down’ halt, S&P 500 ETF down 6%, virus cases jumpA spike in coronavirus cases continues to worry investors, who are hoping for government stimulus to offset the economic impacts of the virus. Worldwide coronavirus cases top 200,000 for the first time, according to data compiled by John Hopkins University. Italy has more than 2,500 virus related deaths as of Tuesday evening, the country’s health ministry said. Iran’s death toll from the coronavirus climbed to 1,135 with 147 new deaths in the past 24 hours, a health ministry official told state TV on Wednesday. The total number of infected people across the country has reached 17,361. Plus, European leaders agreed Tuesday to close the European Union’s external borders for 30 days in a new effort to slow the spread of the coronavirus pandemic. Singapore, Hong Kong and Taiwan also reported a rise in cases. France, which has seen a sharp spike in cases in recent weeks, said it could start seeing a slowdown of coronavirus infections in about eight to 12 days following the government’s decision to lock down the country, Health Minister Olivier Veran said Wednesday. —CNBC






。Major European markets were 4 to 5 percent lower, following a late-day slump in Asian shares. U.S. crude prices tumbled to a 17-year low to about $25.44 per barrel. Brent crude priced below $30 a barrel for the first time since 2016. Gold fell, as did bond prices, signaling investors continued to retreat from a broad array of markets.Asian markets rose initially on Wednesday, but investors couldn’t sustain the momentum. Late in the day, the losses accelerated.Australia’s S&P/ASX 200 index led the losses with a 6.4 percent drop. In South Korea, the Kospi index fell 4.9 percent. Hong Kong’s Hang Seng Index was down 4.2 percent.---New York Times

。President Trump twitted around 4:20 AM Pacific Time:
"I will be having a news conference today to discuss very important news from the FDA concerning the Chinese Virus!"

。Bloomberg reports, according to sources familiar with the matter, that Mnuchin warned the Senate GOP members that without action, the US unemployment rate could spike to a stunning 20%. With a total labor force or around 160 million, that would mean a sudden spike to over 30 million unemployed Americans.  Those are depression-era levels of job losse.---ZeroHedge

。The grounding of the 737 Max after two deadly crashes had already strained Boing (BA). The coronavirus is pushing it to the brink.Boeing is the nation’s largest manufacturer. It employs more than 100,000 people domestically and supports millions more through a supply chain that includes thousands of businesses big and small around the country. But Boeing’s stock price has dropped more than 40 percent in the last five days, and with the broader airline industry reeling, President Trump signaled Tuesday that he would strongly consider a bailout for Boeing. In recent days, senior Boeing executives have made it clear to the White House and Congress that if the aerospace giant does not receive government assistance, it could decline rapidly, causing significant damage to the American economy.---New York Times

。India could become the next global hotspot for virus cases, with experts warning containment measures that proved successful elsewhere in Asia may not work in the world’s second-most populous country. The South Asian nation, which has so far reported 137 infections and three deaths, is trying to contain the virus by closing its borders, testing incoming travelers and contact tracing from those who tested positive. On Tuesday, the Indian Council of Medical Research announced it was ramping up the country’s testing capacity to 8,000 samples a day from the current 500. Its director general Balram Bhargava maintained there was “no evidence” of transmission of the virus in the community. But some experts in the nation of 1.3 billion people say that won’t be enough to contain the spread. ---Bloomberg

。Talk of big stimulus is raising some concerns about the long-term outlook of U.S. fiscal health, putting pressure on long-term U.S. government bonds. The spread between 30-year and five-year yields rose to almost 1%, the highest since September 2017.  ---Reuters




。股指期货跌停,标普500 ETF下跌6%。冠状病毒案件的激增继续令投资者感到担忧,他们希望政府采取刺激措施来抵消该病毒的经济影响。根据约翰·霍普金斯大学(John Hopkins University)汇编的数据,全球冠状病毒病例首次突破20万例。卫生部表示,截至周二晚上,意大利有2500多例与病毒有关的死亡。卫生部官员周三告诉国家电视台,伊朗过去24小时内死于冠状病毒的死亡人数上升至1,135人,其中147人死亡。全国感染者总数已达到17,361。另外,欧洲领导人周二同意关闭欧盟的对外边界,为期30天,这是一项旨在减缓冠状病毒大流行蔓延的新举措。新加坡,香港和台湾的案件也有所增加。法国卫生部长奥利维尔·韦兰(Olivier Veran)周三表示,法国近几周病例激增,法国表示,在政府决定封锁该国后大约八到十二天内,冠状病毒感染可能会开始放缓。 —CNBC






。在亚洲股市近日暴跌之后,欧洲主要市场下跌了4%至5%。 美国原油价格跌至17年低点,至每桶25.44美元左右。 布伦特原油价格自2016年以来首次跌破每桶30美元。黄金价格下跌,债券价格也下跌,这表明投资者继续从各种市场中撤退。亚洲市场周三早些时上涨,但投资者无法维持这种势头。 当天晚些时候,跌势加速。澳大利亚的S&P / ASX 200指数跌幅达6.4%,领跌跌幅。 在韩国,Kospi指数下跌4.9%。 香港恒生指数下跌4.2%。---《纽约时报》

。特朗普总统在太平洋时间凌晨4:20发推文:
“我今天将召开新闻发布会,讨论FDA关于中国病毒的重要新闻!”

。彭博社报道,据知情人士透露,努钦警告参议院共和党成员,如果不采取行动,美国失业率可能飙升至惊人的20%。美国拥有总劳动力或1.6亿左右的劳动力,这将意味着突然激增至超过3000万的失业美国人。那就是大萧条时代失业的水平。---ZeroHedge

。在两次致命的坠机事故之后,737 Max的停飞已经使波音(BA)劳损。冠状病毒正在将它推向衰落边缘。波音是美国最大的制造商。它在国内拥有100,000多名员工,并通过包括全国数千家大小企业的供应链为数以百万计的人们提供支持。但是波音公司的股价在过去五天里已经下跌了40%以上,随着航空业的发展忧虑,特朗普总统周二表示,他将强烈考虑对波音公司进行救助。最近几天,波音公司的高级管理人员向白宫和国会明确表示,如果航空航天巨人没有得到政府的援助,它可能会迅速衰落,从而对美国经济造成重大破坏。---纽约时报

。波音在已全面取用了130亿美元信贷额度后寻求“至少600亿美元”政府纾困救助。---ZeroHedge

。印度可能成为下一个病毒病例的全球热点地区,专家们警告说,遏制措施已证明在亚洲其他地方成功,在这个世界第二人口大国可能行不通。该南亚国家迄今已报告了137例感染并造成3例死亡,该国正试图通过关闭边界,测试入境旅客和与检测出阳性者进行接触追踪来遏制该病毒。印度医学研究理事会周二宣布,将印度的检测能力从目前的500个增加到每天8000个。其总干事巴拉姆·巴尔加瓦(Balram Bhargava)认为,“没有证据”表明该病毒在社区中传播。但是,这个拥有13亿人口的国家一些专家表示,这不足以遏制这种传播。 ---彭博社

。关于大规模刺激措施的言论引起了人们对美国财政状况的长期前景的担忧,这给美国长期政府债券带来了压力。 30年期和5年期债券之间的息差升至近1%,为2017年9月以来的最高水平。---路透社

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