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Stocks and crude oil are tumbling once again, with havens including the yen and Treasuries jumping, as fears deepen about the impact of the deadly coronavirus on near-term growth. The yield on the benchmark 10-year Treasury note plunged to its lowest level in about three months on Friday.

Last week was a short one for traders, as U.S. equity markets were closed on Monday in honor of Martin Luther King Jr. Day.

Italy’s Matteo Salvini suffered a stinging defeat in a key regional vote, providing a much-needed boost to Prime Minister Giuseppe Conte’s fragile government and making a snap general election less likely. In France and Germany, the largest economies in the Eurozone, a positive start to the year was noted, with combined output growth at a five-month high in January. Click Here