Stocks Advance With U.S. Futures; Bonds Climb: Markets Wrap
“U.S. equity futures climbed on Friday along with stocks and bonds globally as investors studied the unprecedented government measures to shield jobs and economies from the accelerating coronavirus pandemic. The dollar halted an eight-day rally. Nasdaq 100 futures dipped after hitting their limit-up earlier, but held on to a gain alongside contracts on the S&P 500 and Dow Jones Industrial Average. There were some big moves in the premarket, with United Airlines Holdings Inc., Mylan NV and MGM Resorts International all up more than 10%. Traders may face extra swings on Friday because options and futures on indexes and equities expire, in what’s called quadruple witching. Tech and industrial goods shares led markets up in Asia and Europe, cutting the weekly drop for stocks worldwide to just under 10%.”
U.K. Could Need Social-Distancing Measures for Most of Yea
“British citizens may need to keep away from each other for most of the year in order to contain the spiraling coronavirus outbreak, U.K. government advisers concluded. The advisers suggested the government could alternate between periods of more and less strict measures of so-called “social distancing” — in which individuals work from home and avoid gatherings. The advice emerged in a slew of documents the government published detailing scientific evidence ministers have received on how to respond to the virus. Boris Johnson’s administration has adopted social distancing measures, including canceling large events and telling people to stay away from pubs and restaurants.”
Singapore Seeks to Stop Virus Spread Without Full Lockdown
“Singapore’s government is “doing its utmost” to prevent the spread of coronavirus without having a complete lockdown as is the case with some countries, President Halimah Yacob said in a Facebook post. Her comments come as Singapore works to limit disruptions to companies and workers after Malaysia imposed rules on Monday to prevent its citizens from traveling overseas. The ban has raised concerns of labor and food shortages for the city-state, which heavily relies on its Malaysian neighbor.”
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