Bloomberg European stocks surged and US equity futures jumped as expectations grow that policy makers and governments will act to guard against the economic threat of the coronavirus. Treasuries were steady as the number of infections continued to grow. Futures on the S&P 500 Index had fluctuated at the start of the day after the underlying gauge climbed the most …

Bloomberg As foreign investors exit Philippine equities at a record pace amid the sell-off brought on by the coronavirus, some domestic fund managers are scooping up blue-chip bargains. Local stock valuations have become too attractive to pass up, according to Helen Oleta, head of trading at Rizal Commercial Banking Corp, and Robert Ramos, chief investment officer at East West Banking …

Bloomberg European Central Bank (ECB) President Christine Lagarde belatedly joined the crowd of leading central bankers pledging to take action if needed against the economic damage from the coronavirus outbreak. In a statement, Lagarde said the outbreak is a “fast-developing situation, which creates risks for the economic outlook and the functioning of financial markets.” That echoes communications by the US …