Coronavirus Biggest Threat To Global Growth Since The 2008 Financial Crisis
Stocks Jump Ahead Of Emergency G7 Coronavirus Call
Oscar Williams-Grut Senior City Correspondent
Yahoo Finance UK 3 March 2020
European Central Bank president Christine Lagarde said on Monday night the ECB stands ready to take 'appropriate' action. (Michael Probst/AP)
European stocks climbed on Tuesday, amid hopes of coordinated international action to support the global economy.
Equities rallied ahead of an emergency call between G7 finance ministers and central bankers at 12pm GMT to discuss their response to the coronavirus outbreak.
Possible actions could include coordinated spending by governments, the buying up of debt, lending to banks to ease liquidity pressures, or even a coordinated interest rate cut, something not seen since the financial crisis.
Australia’s central bank cut interest rates overnight and US President Donald Trump called for a rate cut from the US Federal Reserve on Twitter on Tuesday morning.
European Central Bank (ECB) president Christine Lagarde, who will be on Tuesday’s call, said in a statement on Monday night the ECB is “closely monitoring developments” and stands “ready to take appropriate and targeted measures”.
Bank of England governor Mark Carney said Tuesday to expect a “powerful and timely” response that will include “a combination of fiscal measures and central bank initiatives”.
The FTSE 100 (^FTSE) was up 1.8% by lunchtime, the German DAX (^GDAXI) climbed by 1.8%, and the French CAC 40 (^FCHI) surged 1.5%.
Stocks surged in the US overnight. The S&P 500 (^GSPC) closed up 4.6%, the Dow Jones (^DJI) climbed 5%, and the Nasdaq (^IXIC) closed 4.4% higher.
Michel Hewson, chief market analyst at CMC Markets, said investors were betting on “a joined up and cohesive response to the economic disruption caused by the various coronavirus shutdowns.”
The OECD on Monday warned coronavirus is the biggest threat to global growth since the 2008 financial crisis. The group said global growth could be as low as 1.5% this year if the epidemic transforms into a pandemic.
However, Reuters reported overnight that a draft text of the G7 coronavirus statement does not detail either a monetary or fiscal response.
“If true there is likely to be some disappointment that nothing concrete has been decided yet,” Deutsche Bank strategist Jim Reid and team wrote in a note to clients on Tuesday.
“The 2008 template suggests that the biggest response is unlikely to come at the first meeting. They will probably need a fair bit more time to be truly co-ordinated.”
Neil Wilson, chief market analyst at Markets.com, said: “The stage is set for a let-down and we have yet to see any real momentum from the US session carry forward into Asia.”
Overnight in Asia, Japan’s Nikkei (^N225) closed down 1.2%, the Hong Kong Hang Seng closed down flat (^HSI), while the Shanghai Composite (000001.SS) ended up 0.7%.
The Bank of England declined to comment on Monday night when asked about a G7 call. The Treasury didn’t respond to a request for comment.
GOLD: The World's Most Trusted Metal — But Why?
If gold is so rare, why can countries buy it by the ton? Who sells it? Why do central banks accumulate it? And is the world really preparing for gold-backed currencies?
For thousands of years, gold has fascinated humanity. Civilizations have fought over it, kings have accumulated it, governments have stored it, and investors have turned to it during times of uncertainty. But beneath gold's reputation as the ultimate symbol of wealth lies a surprisingly simple question:
The Bond Market Is the Real Danger, China Is Building a New Gold System | Andy Schectman
Liberty and Finance: 11-10-2026
Gold and silver prices are falling, but Andy Schectman says the biggest financial players are using the weakness to accumulate precious metals behind the scenes.
He explains how China is building a new gold-backed financial infrastructure, including 24/7 tokenized gold settlement that could challenge the dollar's dominance.
More than $100 billion in gold and silver has reportedly stood for delivery on COMEX this year, raising questions about where physical metal is moving.
Ariel: November 15th Budget Deadline
11-10-2026
November 15th Budget Deadline: The Line Items Written For One Market (Budget Table Revisions)
I Want You All To Keep This In Mind
The reason the 2027 budget is the revaluation, not just a precursor to it, comes down to one thing that most people holding dinar completely miss: the budget is the proof.
Good Afternoon Dinar Recaps,
GLOBAL DEBT RESET WATCH: GLOBAL BOND SELLOFF DEEPENS AS HOT U.S. INFLATION RAISES FED RATE-HIKE FEARS
Higher-than-expected U.S. inflation and increasingly hawkish Federal Reserve signals have pushed bond yields sharply higher, raising borrowing-cost concerns across global financial markets.
GP Q: Iraq, the Dinar, Revaluation, et al
11-11-2026
IRAQ + THE DINAR + REVALUATION ET al:
• Iraq’s 2027 Budget Hides a 3.5 Dinar Peg — Here’s What the Public Isn’t Seeing
• The Closed-Door Meetings That Set Iraq’s New Rate Before Parliament Ever Sees It
• Gold-Linked Notes Already in Circulation? The Tokenization Process Behind Iraq’s Dinar
Ariel: We are in the Home Stretch Now Folks
I think that Al-Zaidi’s crew is running a shadow ledger alongside the published budget numbers, and that shadow ledger is where the rate gets calculated in the 2027 draft they’ll hand Parliament on the 15th has been through four closed-door revisions in the past ten days.
Where the financial committee, the CBI governor, and a quiet contact from the U.S. Treasury’s Office of Technical Assistance sat in a room in the Green Zone and most likely massaged the figures until the performance metrics spit out a 3.5-to-1 peg that the gold reserves can support without triggering a bank run.
Reset Intelligence: Who Is Holding Up Iraq’s Budget?
By Reset Intelligence | @EXIT_FIAT
On Tuesday, Iraq’s cabinet again did not vote the 2027 budget. The state newspaper now puts it on Saturday, a month past its legal deadline.
Baghdad’s own financial adviser said the same day that rising oil prices and exports are moving the operating budget toward break-even.
Oil Prices Rebound On Renewed Shipping Concerns
2026-11-11 00:15 Shafaq News Oil prices rose on Wednesday from the previous session's two-month lows, as the market swung between hopes for a de-escalation in the US-Israeli war on Iran and concerns about attacks on shipping in the Strait of Hormuz.
Also on Wednesday, a regional governor said a drone attack caused a fire in the port area of Ust-Luga by the Baltic Sea in northwest Russia, injuring three workers.
Good Morning Dinar Recaps,
GLOBAL ASSET RESET WATCH: EUROPEAN STOCKS MOVE ONCHAIN AS TOKENIZED MARKETS EXPAND ACROSS BORDERS
Europe's latest expansion of tokenized equities brings hundreds of traditional stocks onto blockchain networks, signaling another step toward a more connected global financial marketplace.
Iraq Studies Strategic Gas Pipeline Linking South And North
2026-11-10 13:15 Shafaq News- Baghdad Iraq's Oil Ministry has called for a feasibility study on a proposed national pipeline to transport liquefied petroleum gas (LPG) from the south to northern provinces to improve domestic supplies, the ministry said on Tuesday.
How Ideological Purity Tests Are Poisoning America’s Professional Class
Notes From the Field By James Hickman (Simon Black / Sovereign Man) November 10, 2026
By medieval standards, the Danish-Hanseatic War was fast. It took just three years for King Valedmar IV of Denmark to be vanquished. And on May 24, 1370, he was forced into one of the most humiliating peace treaties of all time.
Poor Valdemar wasn’t humiliated because the peace terms were onerous or expensive. It’s because his enemy wasn’t even a real country.
Rob Cunningham: The Great Financial Reformation
11-9-2026
THE GREAT FINANCIAL REFORMATION
A Macro-Historical, Economic & Scriptural Perspective for the Individual Investor | 2026
We are witnessing a potentially once-in-a-generation convergence of technologies, institutions, laws and economic forces capable of fundamentally transforming how civilization creates, transfers, secures and measures value.
"Things Are Verging On Out Of Control" | John Rubino
Liberty and Finance: 11-10-2026
John Rubino warns that the world is moving deeper into a financial death spiral, with soaring government debt, political instability, and mounting interest expenses leaving few options for policymakers.
He argues that aggressive currency debasement may become the only remaining way for governments to manage their enormous obligations, potentially triggering a major monetary reset.
MP: Political Disputes Delay Iraq’s 2027 Budget Vote
2026-11-10 / 04:21 Shafaq News- Baghdad Political disagreements have postponed the Iraqi cabinet’s vote on the draft 2027 federal budget until at least Saturday, parliamentary Finance Committee member Nasser Turki told Shafaq News on Tuesday.
Disputes between Baghdad and the Kurdistan Regional Government (KRG) were nearing resolution, according to Turki, who said a vote is now expected on Saturday, November 14, or the following Tuesday, November 17, before the draft is sent to parliament.
Good Afternoon Dinar Recaps,
GLOBAL DEBT RESET WATCH: HOTTER U.S. INFLATION SENDS TREASURY YIELDS HIGHER AS GOLD AND CURRENCIES REACT
A stronger-than-expected inflation report is raising pressure on the Federal Reserve, government borrowing costs, and global financial markets.
Reset Intelligence: Iraq's Secret Trip to Tehran
By Reset Intelligence | @EXIT_FIAT
On Friday, Iraq's Prime Minister made an unannounced trip to Tehran. A source close to the visit says he carried a proposal from Trump to end the war.
By Monday, Qatar's Prime Minister was at the White House with an interim deal, and Trump said: "Iran militarily is effectively over."
Egon von Greyerz: Why a 70% to 90% Market Collapse is Inevitable
As Good As Gold Aurstralia: 11-10-2026
In this exclusive interview, the legendary Egon von Greyerz joins As Good As Gold Australia to break down the historic volatility currently shaking the precious metals market and what investors must prepare for next.
With silver correcting nearly 50% from its historic peak of $121.62 USD set earlier this year, and gold pulling back from its record high of $5,589 USD to trade just above $4,000 USD, the market is in a major consolidation phase.
But despite margin hikes and hawkish monetary policy triggering this sharp pullback, the underlying fundamentals are flashing warning signs.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
TIER 4B – ISO 20022: The First Major Bank has (allegedly) Migrated all Accounts to the QFS
CONFIRMED: THE FIRST MAJOR BANK HAS OFFICIALLY MIGRATED ALL ACCOUNTS TO THE QFS. HERE IS EXACTLY WHAT HAPPENED OVERNIGHT
A sovereign banking coordination office sent an internal migration confirmation through the encrypted channel at 05:47 EST.
It said: “Tier 1 bank migration complete. 4.2 million accounts. Legacy layer archived. Zero customer notifications. Effective 04:00 UTC.”
Dollar Climbs In Baghdad, Erbil Markets
2026-11-10 03:14 Shafaq News- Baghdad/ Erbil The US dollar opened Tuesday’s trading higher in Iraq, hovering around 169,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 168,900 dinars per 100 dollars, up from the previous session’s 168,600 dinars.
Good Morning Dinar Recaps,
GLOBAL TRADE RESET WATCH: CHINA'S TRADE SURPLUS TOPS $1 TRILLION AS AI BOOM POWERS EXPORT GROWTH
China's growing dominance in global exports, fueled partly by the worldwide artificial intelligence boom, is reshaping trade relationships, strengthening its economic influence, and adding pressure to an already changing global financial landscape.
Gold, Silver Advance As Dollar Weakens, Fed Rate Expectations Face Inflation Test - Kitco PM Report
(Kitco NewsWire) - Spot gold and silver prices were sharply higher in late U.S. trading Monday, supported by a weaker U.S. dollar and a steep decline in crude oil prices as investors responded to renewed hopes for a diplomatic resolution to the U.S.-Iran conflict.
The retreat in energy prices eased some inflation concerns ahead of Tuesday's U.S. consumer price index report, although Friday's stronger-than-expected employment figures continued to support expectations for another Federal Reserve interest rate increase in December.
TNT:
Tishwash: Iraq signs a contract with Qatar to lay a fiber optic cable linking Singapore to Italythrough its territory.
The Ministry of Communications announced on Tuesday the signing of a contract with Qatar to lay a terrestrial and submarine fiber optic cable across Iraqi territory.
The ministry stated in a press release received by Mawazin News that “the project is a terrestrial and submarine fiber optic cable across Iraqi territory connecting Singapore to Italy, through the telecommunications network of the Qatari company Ooredoo.”
Iraq’s Central Bank Warns Banks Against Extra Fees On Dollar Sales
2026-11-11 | 12:03 BAGHDAD — The Central Bank of Iraq on Tuesday renewed its warning to banks and electronic payment companies not to add unjustified fees or margins to dollar transactions for traders and travelers.
Banks and payment companies buy dollars from the Central Bank at 1,510 dinars and may keep 10 dinars per dollar for profit and commissions when they sell at the official rate of 1,520, Mahmoud Dagher, an adviser to the Central Bank governor and the bank’s spokesperson, said in an interview with Al-Rabiaa TV.