Bloomberg China’s tech-heavy ChiNext Index saw losses accelerate on Wednesday in another volatile session for mainland stocks. The index declined as much as 5%, after closing February 25 at the highest level since July 2016. The Shanghai Composite Index dropped 0.8% to close below the key 3,000 point level, joining a global rout. Volume was about 70% higher than the 30-day …

Bloomberg It is “still too soon” to say whether the coronavirus outbreak will cause a material change in the US outlook, said Federal Reserve Vice Chairman Richard Clarida, signalling officials won’t be rushed to judgment on the need to cut interest rates. “Monetary policy is in a good place and should continue to support sustained growth, a strong labour market, …

Bloomberg If the coronavirus outbreak morphs into a regional economic crisis, the European Central Bank (ECB) isn’t yet poised to rush to the rescue. With interest rates deep below zero and the latest batch of asset purchases still ongoing, room for additional monetary support is severely limited. For policy makers in Frankfurt, that makes their case for governments such as …