"This is going to be treacherous for a while. I would advise most retail investors to stay on the sidelines, not panic. There will be opportunities but they're not now," the chief economic advisor at Allianz said.
Shares of Boeing Co dropped 12% on Monday after the planemaker's proposal to leave wiring bundles in place on the grounded 737 MAX failed to get the backing of U.S. aviation regulators, potentially delaying the plane's return to service.
The coronavirus will accelerate a Darwinian shakeout in Europe's overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict.
Safeguards in the U.S. stock market are functioning as planned, the president of the New York Stock Exchange said on Monday, after a 7% decline in the S&P 500 triggered a 15 minute trading pause shortly after the market opened.
Tesco plans to return $6.6 billion to shareholders after agreeing to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group as part of plans to refocus on Britain.
Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens to overwhelm the world with oil, inciting panic throughout the energy sector.
The rapidly-spreading COVID-19 is a so-called black swan event, even for well-to-do investors. Members of TIGER 21, an investment club for high-net worth individuals, are stocking up on cash.
Ryanair on Monday cut more international flights to Italy and domestic flights within the country until April 8 after the Italian government imposed travel restrictions in northern Italy to limit the spread of the coronavirus.
Scandinavian airline SAS has canceled 2,000 of the flights it had scheduled for March, equating to 8% of the total, the company told Norwegian broadcaster NRK on Monday.
Goldman Sachs named top trader Michael Daffey as global markets chairman on Monday, with a remit to strengthen key client relationships as the Wall Street giant tries to remodel its trading business in Europe after Brexit.
Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 20% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.
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Russia's oil sector will remain competitive and keep its share of the market regardless of price forecasts, the country's energy ministry said on Monday.
"I like Amazon right here." CNBC's Jim Cramer said Monday. "I think you start a position in Amazon absolutely,"
Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen.