The fast-spreading coronavirus has
shaken the corporate world in New Zealand, with a growing number
of companies suspending their earnings outlooks, and others
reeling from the economic unknowns facing them.
U.S. stock futures fell to
their offshore trading limit within half an hour from opening on
Monday even as the U.S. Federal Reserve led the world's central
banks in taking bold easing steps to cushion the impact of the
coronavirus on economies.
Australia's corporate regulator said on
Monday it asked some participants in the equity market to limit
the number of trades they execute each day by up to 25% from the
huge spike seen at the end of last week.
U.S. 10-year Treasury note
futures price rose at the open on Sunday after the Federal
Reserve unveiled a series of moves to help deal with the
disintegrating global economy caused by the coronavirus
U.S. stock index futures
tumbled after resuming trading on Sunday after the U.S. Federal
Reserve slashed rates back to near zero to help the global
economy and investors digested the latest fallout from the
escalating coronavirus pandemic.
Markets were set for another
chaotic session on Monday after many of the world's major
central banks joined in an emergency round of policy easing
aimed at cushioning the impact of the coronavirus on economies.