Dow Jones poised for negative start amid renewed concerns about the coronavirus outbreak in China and other countries in the region. China moves to lock-down travel from Wuhan and Huanggang cities in an effort to contain the spread of the coronavirus. Now there are confirmed over 600 of coronavirus cases and 17 deaths. The Dow Jones futures are 0.23% lower at 29072. The S&P 500 futures are 0.13% lower at 3315, while the Nasdaq futures are 0.02% lower at 9,194.
European indices trading lower midday after the ECB kept interest rates unchanged. FTSE 100 is 0.39% lower at 7,542. Investors focus will be on the BOE policy meeting next week. The DAX Index is 0.49% lower at 13,449. The CAC 40 is 0.16% lower at 6,001 while the FTSE MIB is 0.48% higher at 23,819. U.S. Commerce Secretary Ross said that USA hopes to reach a trade deal with EU in 2020.
Asian Indices Tumbled on Coronavirus Spread
Asian indices finished sharply lower today. The Nikkei 225 ended 0.98% lower at 23,795. The Hang Seng closed down 1.52% at 27,909 the Shanghai Composite finished 2.75% lower at 2,976. In Singapore the FTSE Straits Times Index ended 0.60% lower at 3,234. In Australia the ASX 200 closed down 0.63% lower at 7088.
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Cryptocurrencies Under Selling Pressure
Cryptocurrencies are under heavy selling pressure today. Bitcoin gives up 3.4777% at 8358. Litecoin LTCUSD is 4.10% lower at 55.72. Ethereum is 3.50% lower at 161.81. XRPUSD is 4.64% lower at 0.2258.
Yen on Demand
In forex markets, USDJPY is 0.26% lower as investors turn to safe-haven assets. AUD to USD is 0.37% higher after stronger jobs data from Australia. EURUSD is 0.11% higher at 1.1104 after the ECB decision.
Crude oil price is 1.78% lower at $55.73 on rising inventories, while the brent is 1.61% lower at $62.19. Gold price is 0.17% lower at $1,556 as the precious metal failed to attract any bids on the coronaryvirus escalation.
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