Ultimately, COVID-19 is a virus that has sickened better-than-expected jobs reports. Other indicators worth paying attention to include the 48 states that saw their real median household income growth decline in Trump’s first two years in office (signs the middle class might actually be doing better)prediction from Goldman Sachs that US companies would see zero earnings growth this year, and the Dow Jones recording its worst four-day stretch since the 2008 financial crisis. … [Read more...] about The Coronavirus Stock Market Rollercoaster Isn’t Stopping Anytime Soon
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Stocks had become expensive, particularly when compared with how much profit companies are producing, leaving them more risky and vulnerable. Doug Ramsey, chief investment officer of the Leuthold Group, said he was also unnerved by recent signs of over-confidence in some corners of the market by retail investors. … [Read more...] about Market corrections: scary but also, in some cases, necessary
In Asia, MSCI`s regional index excluding Japan shed 1.4%. Japan`s Nikkei gave up 3.3% on rising fears the Olympics planned in July-August may be called off due to the coronavirus. Australian shares dropped 2.8% to a six-month low while South Korean shares shed 2.1%. … [Read more...] about World stocks set for worst week since 2008 as coronavirus fears grip markets
01:30 Here's an update of the situation in Germany. So far, there are 21 reported cases in four states, with 13 patients cured. No one has died. Fourteen of the cases were in Bavaria, and were among the first anywhere outside China, related to the auto parts supplier Webasto and a visiting Chinese colleague. On Wednesday, Germany's Health Minister Jens Spahn set up a crisis team and said that the country was "at the beginning of an epidemic." … [Read more...] about Coronavirus updates: Hamburg confirms first case as US, European markets tumble
For instance, the firm’s investment in “Coding Ninja’s and Qyuki” may turn out to be beneficial. Investors must keep a close watch on the IT sector as well as the real- estate sector before investing in Info Edge. … [Read more...] about HDFC Life, Info Edge, Bandhan Bank become part of NSE F&O; time to buy?
Elara Capital also initiated coverage on Relaxo Footwear with an Accumulate rating with a target price of Rs 787. The stock has already hit the target price in the week gone by, but the long term trend still remains to be on the upside especially for the ones who are already invested. … [Read more...] about $8-bn footwear industry prepared for a longer run; Relaxo, Bata trade at a premium