New York/Hong Kong (CNN Business)Asian shares and US stock futures are jumping as the market roller coaster caused by the coronavirus pandemic continues.
The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently amid the coronavirus crisis.
Stocks in Asia jumped in Tuesday morning trade as authorities ramped up stimulus measures to combat the economic impact of the global coronavirus outbreak.
NEW YORK (Reuters) - Oil prices inched higher on Monday, while U.S. gasoline prices plunged more than 30% to a record low as global restrictions on travel to slow the spread of coronavirus destroyed demand for fuel.
MELBOURNE (Reuters) - U.S. crude oil futures climbed nearly 3% on Tuesday in light trading as the Trump administration launched an effort to work with Saudi Arabia to stabilise oil prices.
SYDNEY (Reuters) - Asian stocks rallied on Tuesday as the U.S. Federal Reserve’s sweeping pledge to spend whatever it took to stabilize the financial system eased debt market pressures, even if it could not offset the immediate economic hit of the coronavirus.