Redwood Capital Management Limited: Fear on coronavirus thickened and threatens Economy reopening

As numbers of coronavirus cases grew by the day in all states of America, anxious investors panic that this may alter the upcoming economy's reopening
 
HONG KONG - July 7, 2020 - PRLog -- As numbers of coronavirus cases grew by the day in all states of America,  anxious investors panic that this may alter the upcoming economy's reopening. Some business possibly ought to close if this pandemic arises more instead of subsiding.

Example is Apple. Apple is set to re-close seven of its stores in Texas as confirmed cases spikes along the mentioned state.

Apple in a statement said, "Due to current Covid-19 conditions in some of the communities we serve, we are temporarily closing stores in these areas," and added, "We take this step with an abundance of caution as we closely monitor the situation and we look forward to having our teams and customers back as soon as possible."

Below are the latest movements in today's Market:

Stocks

-        The S&P 500 Index declined 2.6% to 3,050.33 as market closes Wednesday afternoon, the lowest and largest drop in almost two weeks.

-        The Dow Jones Industrial Average decreased by 2.7%  or 710 points to 25,445.94, its lowest declined in about two weeks' time.

-        The Nasdaq Composite Index depreciates a bit by 2.2% to 9,909.17, a day after hitting an all-time high since December last year.

Bonds

-        The yield on the benchmark 10-year Treasury note fell 2 basis points to 0.69%, the lowest in almost two weeks on the biggest drop in almost two weeks.

-        The yield on two-year Treasuries declined less than one basis point to 0.184%, its first movement this week.

-        The yield on the 30-year Treasury bond was also lower at 1.44%.

Commodities

-        West Texas Intermediate crude record another set of loss by -5.85% to $38.01 a barrel.

-        Brent crude also declined by -5.44% to $40.31 a barrel, its 2nd day loss.

-        Gold is down a bit and is down by -0.39% to $1,763.05 an ounce.

For now you may browse more on Redwood Capital Management Limited https://redwoodcapitalmanagementltd.com/ so you may see what we can offer for your financial needs.

Contact
Redwood Capital Management Limited
***@redwoodcapitalmanagementltd.com
End
Source: » Follow
Email:***@redwoodcapitalmanagementltd.com
Posted By:***@redwoodcapitalmanagementltd.com Email Verified
Tags:Redwood Capital Management
Industry:Investment
Location:Hong Kong - Hong Kong Island - Hong Kong
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Redwood Capital Management Limited News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share