Watch | 2020 Range Rover Evoque first drive and review

South Korea confirms second case of Chinese coronavirus

SEOUL (Reuters) – South Korea’s government on Friday confirmed the second case of a coronavirus that originated in China, the Centers for Disease Control and Prevention (KCDC) said.

The virus killed 25 people in China and infected more than 800, with the World Health Organisation declaring it an emergency.

Biden, Sanders Are Running Neck and Neck in Nationwide Poll

Joe Biden and Bernie Sanders lead the Democratic field in a national poll released Thursday.

The 7 News/Emerson College Poll shows the former vice president with 30% support, followed closely by the Vermont senator at 27%.

The rest of the field is much farther down, with Massachusetts Senator Elizabeth Warren at 13% and entrepreneur Andrew Yang at 8%. Former New York City Mayor Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, is at 7% and former South Bend, Indiana, Mayor Pete Buttigieg at 6%.

The poll of 497 Democratic primary voters nationwide was conducted from Jan. 21-23. This portion of the poll has a margin of error of 4.1 percentage points.

European Economics Preview: UK Retail Sales Data Due

Retail sales from the UK and final inflation from euro area are due on Thursday, headlining a light day for the European economic news.

At 4.00 am ET, the European Central Bank is scheduled to publish euro area current account data for November. The current account surplus totaled EUR 32.4 billion in October.

Also, Italy’s Istat issues foreign trade data for November at 4.00 am ET.

At 4.30 am ET, the Office for National Statistics releases UK retail sales data. Sales are forecast to grow 0.6 percent on month in December, reversing a 0.6 percent fall in November.

Half an hour later, Eurostat is set to issue Eurozone final inflation and construction output data. Inflation is seen at 1.3 percent in December, unchanged from flash estimate, but above 1 percent logged in November.

In the meantime, Italy’s final inflation for December is due.

China province at center of virus outbreak asks for more money

BEIJING (Reuters) – China’s central province of Hubei, which is at the center of a coronavirus outbreak, has sought more financial support from the central government, officials of the provincial capital, Wuhan, said on Friday.

Trump is expected to sign Canada-U.S.-Mexico trade deal on Jan. 29: White House

U.S. President Donald Trump will hold a signing ceremony for the U.S.-Mexico-Canada trade agreement on Wednesday, according to the White House.

Stock Alert: Shares Of Morgan Stanley (MS) Hit 52-Week High

Shares of financial products and services provider Morgan Stanley (MS) recorded a new 52-week high of $57.36 on January 16, following the announcement of its upbeat Q4 results. The stock closed Thursday’s trading session at $56.44, up $3.50 or 6.61%.

On January 16, the company reported fourth-quarter net income of $2.09 billion or $1.30 per share versus $1.36 billion or $0.80 per share in the year-ago quarter.

The latest quarter’s results include an intermittent net discrete tax benefit of $158 million or $0.10 per share, while the year-ago quarter’s results included an intermittent net discrete tax benefit of $111 million or $0.07 per share and severance costs of $172 million associated with a December employee action.

Excluding items, adjusted earnings for the quarter were $1.20 per share, compared to $0.73 per share in the year-ago quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $0.99 per share for the quarter. Analysts’ estimates typically exclude special items.

Net revenues grew 27% to $10.86 billion from $8.55 billion last year. The Street was looking for revenues of $9.72 billion for the quarter.

The company’s board declared a $0.35 quarterly dividend per share, payable on February 14, 2020 to common shareholders of record on January 31, 2020.

Rupee falls 5 paise against U.S. dollar in opening trade

Besides, rise in crude oil prices and lower opening in the domestic equity market also impacted the rupee movement, forex dealers said.

The rupee declined by 5 paise to 71.31 against the US dollar in early trade on Friday as spread of a deadly new virus from China kept investors edgy.

Besides, rise in crude oil prices and lower opening in the domestic equity market also impacted the rupee movement, forex dealers said.

However, fresh foreign fund inflows supported the Indian currency, they added.

At the interbank foreign exchange market, the rupee opened weak at 71.34, but it recovered some lost ground to touch 71.30 against the US dollar in morning trade.

The domestic currency had settled at 71.26 against the American currency on Thursday.

According to reports, coronavirus infection has killed at least 25 people, while the number of confirmed cases has increased to 830.

Brent crude futures, the global oil benchmark, rose 0.06 % to $62.08 per barrel.

The BSE benchmark Sensex was trading 71.95 points or 0.17 % lower at 41,314.45. Similarly, the broader NSE was trading 17.85 points, or 0.15 %, down at 12,162.50.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, inched up 0.02 per cent to 97.70.

Foreign institutional investors bought equities worth ₹ 1,352.13 crore on a net basis on Thursday, provisional exchange data showed.

The 10-year Indian government bond yield was at 6.60 %.

Watch | 2020 Range Rover Evoque first drive and review

A video review of 2020 Range Rover Evoque

This is the all-new, updated Range Rover Evoque, built for both style and substance. Watch to find out how the beast drives on the road…