Bloomberg Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual oil demand in history. Futures tumbled more than 9% after losing a quarter of their value last week. Demand for jet fuel, gasoline and diesel is falling off a cliff as a result of …

Bloomberg Asking prices for UK homes rose to a record in March as the market appeared undented by the coronavirus outbreak that’s threatening economies across the globe. Values increased 1% on the month to an average 312,625 pounds, Rightmove said in a report on Monday. In London, they gained 1.6% from a month earlier to 638,826 pounds. Both gauges posted …

Bloomberg US equity futures tumbled by their limits and Treasuries surged at the start of what’s set to be another volatile week, with investors responding to the rapidly escalating economic hit from the coronavirus and a massive emergency move by the Federal Reserve to ease lending. Contracts on the S&P 500, Nasdaq 100 and Dow Jones Industrial Average all sank …