LHA.DE - Deutsche Lufthansa AG

XETRA - XETRA Delayed price. Currency in EUR
13.30
-0.21 (-1.55%)
At close: 5:35PM CET
Stock chart is not supported by your current browser
Previous close13.51
Open13.80
Bid0.00 x 948200
Ask0.00 x 1900800
Day's range13.12 - 13.80
52-week range12.58 - 23.55
Volume11,633,316
Avg. volume4,952,421
Market cap6.36B
Beta (5Y monthly)1.00
PE ratio (TTM)4.57
EPS (TTM)2.91
Earnings date19 Mar 2020
Forward dividend & yield0.80 (5.40%)
Ex-dividend date08 May 2019
1y target estN/A
  • Reuters - UK Focus

    Airlines plunge as Italian coronavirus outbreak threatens longer crisis

    PARIS/LONDON, Feb 24 (Reuters) - European budget airlines bore the brunt of Monday's plunge in global stock markets as the arrival of the coronavirus in Italy pointed to a longer, deeper crisis than many have banked on. EasyJet dropped 16.4% and Ryanair 13.5% as airlines were forced to reassess the fallout from the rapid spread of the COVID-19 virus across Asia and beyond, with South Korea, Italy and Iran now struggling to contain outbreaks. "Concerns are growing that COVID-19 continues to spread and will impact demand to and from other European countries," Credit Suisse analysts said.

  • Is Deutsche Lufthansa AG (ETR:LHA) A Good Fit For Your Dividend Portfolio?
    Simply Wall St.

    Is Deutsche Lufthansa AG (ETR:LHA) A Good Fit For Your Dividend Portfolio?

    Dividend paying stocks like Deutsche Lufthansa AG (ETR:LHA) tend to be popular with investors, and for good reason...

  • What's the Big Attraction in British Airways?
    Bloomberg

    What's the Big Attraction in British Airways?

    (Bloomberg Opinion) -- Even Willie Walsh admits that International Consolidated Airlines Group SA, where he’s the boss, is a “very boring name” for an airline group (IAG’s portfolio includes the more evocatively titled British Airways and Iberia).But should his successor ever wish to change it to something racier they’ll have to seek the blessing of Qatar Airways. On Wednesday the loss-making Gulf carrier said it had hiked its IAG stake from 21.4% to 25.1% in a move that will have cost about $600 million at current prices.Under British share ownership rules, an investor with 25% or more of the stock can block special resolutions, such as changes to the articles of association or to a company’s name. Unlike some airlines, IAG is focused on making money for its shareholders but it’s still a little baffling why the Qatar Airways boss, Akbar Al Baker, would pay all that money for such limited influence (his airline didn’t respond to questions seeking further clarification). Usually, the company’s approach is not to seek board seats.Qatar Airways is doubtless snaffling up stakes in rivals as a means of asserting soft power on behalf of its government, and enhancing its own global flight network — and it’s not alone in doing that. But the Gulf company is one of the most acquisitive carriers, and maybe that’s not a good thing given the mixed performance of airline stocks. In addition to its IAG shares, Qatar owns minority stakes in Latam, Cathay Pacific and China Southern Airlines. It also wants one in RwandAir. Financial considerations aside, Qatar certainly has more of a need to curry favor with international partners than a typical airline. In 2017, the state’s regional neighbors Saudi Arabia, Bahrain, Egypt and the United Arab Emirates imposed an air, sea and land blockade that remains in place. That threatens Doha’s status as an aviation hub.But Qatar Airways’ efforts to gain influence overseas by acquiring stakes in rival carriers haven’t always been welcome. Al Baker had to give up on buying a stake in American Airlines Group Inc. after the latter’s chief executive officer, Doug Parker, made clear the Qataris wouldn’t be welcome. U.S. airlines often accuse the Gulf carriers of unfair competition owing to state subsidies, which they deny.More recently, Lufthansa AG said Qatar Airways should rethink any idea of investing in the German flag carrier. “We did not have Lufthansa privatized in Germany to have it nationalized in Qatar," a spokesman told Reuters in December, sounding unusually frosty.   In fairness, IAG has been one of Qatar Airways’ better investments. The stock has gained about 17% in British pound terms since the airline first acquired a 10% stake in 2015. Subsequent IAG share purchases have done better. With respect, though, few financial advisers would counsel their clients to make concentrated bets on airline stocks.Some of Qatar Airways’ other investments are instructive. Earlier this month Air Italy went into liquidation despite Qatar’s strong desire to keep it afloat. In the end its 49% shareholding counted for nothing. The 9.6% stake that Qatar purchased in Cathay Pacific Airways Ltd. in 2017 also appears to be underwater. The stake was acquired for HK$13.65 a share but the stock is now worth about HK$10.50 amid the protests in Hong Kong and the new coronavirus. Others have struggled too. Qatar’s Gulf rival Etihad Airways PJSC invested in Alitalia and Air Berlin Plc. Both went bust.Of course, Al Baker can invest his company’s capital however he wishes — he doesn’t have shareholders to answer to. But he may want to listen to someone who does. Walsh, who will step down at IAG in March, had this to say about the merits of shareholdings and alliances late last year: “Taking a minority stake without having some form of control, or some influence over what the airline is going to do, has no value whatsoever.”To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: V-day of records

    * STOXX 600 hits fresh record highs * German GDP disappoints * EDF tops STOXX 600 after beating forecast * RBS shares drop after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan. CLOSING SNAPSHOT: V-DAY OF RECORDS (1640 GMT) Here it comes a good reason to celebrate this Valentine's Day: the STOXX 600 hit record highs today, again!

  • Reuters - UK Focus

    LIVE MARKETS-A rate cut every five days

    * STOXX 600 hits fresh record highs * German GDP disappoints * EDF tops STOXX 600 after beating forecast * RBS shares drop after results * Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan. A RATE CUT EVERY FIVE DAYS (1405 GMT) When Mexico decided to cut rates yesterday little did they know they'd be the 800th to do so since the global financial crisis (H/T to BofA on the rate cut count).

  • Reuters - UK Focus

    LIVE MARKETS-Much love for France on Valentine's Day

    * STOXX 600 hits fresh record highs * German GDP disappoints * EDF tops STOXX 600 after beating forecast * RBS shares drop after results * Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan. MUCH LOVE FOR FRANCE ON VALENTINE'S DAY (1157 GMT) If you look at the top movers today, there is an eye-catching French utility topping the pan-European index: EDF - the stock gained more than 9% after the company beat forecasts.

  • Reuters - UK Focus

    EU aviation agency says monitoring coronavirus, no current need for directive

    The European Union Aviation Safety Agency (EASA) issued a safety information bulletin on Monday saying It was closely monitoring developments related to the coronavirus outbreak in China but the concern does currently warrant an operational directive.

  • Reuters - UK Focus

    Flights axed and floods feared as Storm Ciara clobbers Europe

    Storm Ciara lashed Britain and northern continental Europe with heavy rain and wind speeds that reached more than 90 miles an hour (145 kph) in places on Sunday, forcing the cancellation of hundreds of flights, train services and sports matches. More than 200 flood warnings were issued across Britain, which recorded a maximum wind speed of 93 miles an hour at Aberdaron in Wales.

  • Reuters - UK Focus

    Airbus posts strong January orders, delivers 31 jets

    Airbus posted its biggest January order haul in at least 15 years on Thursday as it booked a major leasing order that has been in the pipeline for several months, and carried out 31 aircraft deliveries. The European planemaker said it had taken orders for 296 aircraft in January, including the recently finalised order for 102 planes from Air Lease Corp as well as 100 jets from U.S. low-cost carrier Spirit Airlines. After cancellations, it started the year with 274 net orders.

  • Ryanair Is a Polluting Airline. There's No Hiding That Fact
    Bloomberg

    Ryanair Is a Polluting Airline. There's No Hiding That Fact

    (Bloomberg Opinion) -- Ryanair Holdings Plc has been given a telling off by the U.K.’s advertising watchdog for making “misleading” claims about its carbon emissions. Ads claiming Ryanair is Europe’s “lowest emissions airline” must be withdrawn because the Irish carrier did not fully substantiate this and other environmental boasts, the Advertising Standards Authority found.As the climate crisis intensifies, Ryanair probably won’t be the last big company given a dressing down by regulators for “greenwashing.” Environmental considerations are increasingly directing consumer purchases and institutional investment decisions. This creates a big incentive for companies to put a positive spin on things. The huge variety and inherent complexity of some climate-related disclosures tempt businesses to focus on the flattering ones and ignore the rest. In fairness to Ryanair, its claims are based on facts. But it’s an airline, and airlines are heavy polluters, however much they tie a bow on it.The company and its outspoken boss, Michael O’Leary, certainly have form when it comes to making specious claims about the business. On past occasions the company has claimed to be “Europe’s favorite airline.” That may have been true in terms of passengers carried — it’s neck and neck with Deutsche Lufthansa AG — but Ryanair ranks last in Which Magazine’s yearly U.K. passenger satisfaction survey. O’Leary’s capacity for chutzpah is high.In some respects, the ASA’s new ruling is a bit harsh on Ryanair. Its operations are pretty efficient in terms of carbon per passenger kilometer traveled, as I’ve written before.Ryanair flights tend to be full, it doesn’t waste space on business class and its planes fly point-to-point, rather than via hubs, which saves fuel. If consumers are going to buy a product or service anyway, it’s better that they favor a company with a lower per-unit carbon footprint. Ryanair’s new practice of publishing a monthly CO2 report is commendable too. ASA’s main beef was that it hadn’t provided sufficient data to back up its claims and some information was out of date.Still, no one should shed tears on Ryanair’s behalf; its environmental messaging is still way off key. In public statements, O’Leary has repeatedly disparaged climate science. Furthermore, Ryanair’s business model of selling cheap tickets has helped transform flying from an uncommon luxury into a mass-market phenomenon, thereby worsening the industry’s emissions.In absolute terms, Ryanair’s carbon emissions aren’t the biggest among European airlines. But they’ve kept rising because Ryanair is carrying more passengers every year.It’s fine for companies to brag about and set targets for carbon efficiency, as Ryanair does. This a necessary counter-balance to reporting only on absolute emissions, which might show improvement just because a company’s sales have declined.  If their total emissions keep rising, however, corporate claims to be the “greenest” anything will ring hollow.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CDC Readies for Pandemic; Long Vaccine Timeline: Virus Update
    Bloomberg

    CDC Readies for Pandemic; Long Vaccine Timeline: Virus Update

    (Bloomberg) -- The U.S. hasn’t received a request from China to get flexibility on the countries’ trade deal because of the coronavirus outbreak, said a spokesman for the U.S. government. Animal research and genetic analysis of the virus increasingly points to bats as a likely origin, scientists say.The U.S. Centers for Disease Control and Prevention is working to get emergency approval for a test for the virus, and says it’s preparing for the disease to become a pandemic. The death toll from the coronavirus outbreak rose past 360; total confirmed cases reached almost 17,400.Bloomberg is tracking the outbreak on the terminal and online.Key Developments:HHS may need $136 million more for coronavirus, Washington Post reportsChina’s government accused the U.S. of “overreacting” in response to outbreakOutbreak puts China’s commodity industry at riskCoronavirus Likely Began in Bats, Scientists Say (4:13 p.m. NY)Scientists increasingly believe the coronavirus originated in bats, which can harbor hundreds of diseases. As people and wild animals come into increasing contact because of human expansion, future outbreaks are likely.Peter Daszak, a disease ecologist at nonprofit EcoHealth Alliance, would know. He and his team have suited up and ventured into caves all over China and the rest of world in search of bats and the pathogens they carry. “We go into caves,” said Daszak. “We don’t just walk in. We wear a full-body suit: breathing masks, gloves and all the correct equipment.”Read the full story here. Princeton Isolates 108 Students as Precaution (3:51 p.m. NY)Princeton University has ordered 108 recent student visitors to China to isolate themselves as a precaution amid the coronavirus outbreak.The students are being evaluated “on a one-by-one basis,” and most are expected to be classified as low-risk as early as this evening, according to Michael Hotchkiss, a spokesman for the Ivy League school. None of the students have shown symptoms of the virus, Hotchkiss said. The university told students on Jan. 31 to self-isolate based on federal health guidance, he said.U.S.: No Request From China on Trade Deal Changes (3 p.m. NY)A spokesman for U.S. Trade Representative Robert Lighthizer said Washington hasn’t received any request from China to discuss changes in Beijing’s purchase commitments as part of the phase-one trade deal set to take effect this month.Chinese officials are hoping the U.S. will agree to some flexibility on pledges in their pact, people familiar with the situation said. Beijing is trying to contain the coronavirus crisis, which threatens to slow domestic growth with repercussions around the world.The trade deal has a clause that states the U.S. and China will consult “in the event that a natural disaster or other unforeseeable event” delays either from complying with the agreement.Carnival Shares Fall as Passenger Tests Positive (1:20 p.m. NY)Carnival Corp.’s Princess Cruises said a recent passenger in Asia tested positive for coronavirus, prompting Japanese health officials to delay the ship he’d been on while they conduct a review of all guests and crew.Princess said in an emailed statement Monday that the passenger embarked in Yokohama, Japan, on Jan. 20 and disembarked in Hong Kong on Jan. 25. The ship, Diamond Princess, then continued its round-trip journey to ultimately take other passengers back to Yokohama, which is near Tokyo.On Saturday, the passenger, who was from Hong Kong, tested positive for coronavirus at a local hospital there, according to Princess. The episode comes just days after a ship from Carnival’s Costa Crociere unit was put on lockdown at a port near Rome over concerns that passengers might have had coronavirus. Those passengers were eventually diagnosed with the flu.Carnival shares fell as much as 3.3% to $42.10, the lowest intraday level since October.Vaccine Could Take Year or More, Glaxo Says (12:32 p.m. NY)Developing a vaccine against the coronavirus could take 12 to 18 months, Thomas Breuer, GlaxoSmithKline Plc’s chief medical officer for vaccines, said in an interview with Bloomberg TV Monday.While technology could enable researchers to come up with new vaccine candidates within a few months, they will then have to undergo human safety and efficacy trials that may last about a year, Breuer said.Read more about efforts to develop a vaccine here.CDC Seeks Emergency Approval for Virus Test (11:58 a.m. NY)U.S. health officials are seeking emergency approval to roll out a test for the coronavirus that can be used by hospitals and state health authorities, instead of having samples shipped to the Centers for Disease Control and Prevention for analysis.The agency is preparing for the outbreak as if it will be a pandemic that spreads widely from China to other countries, including the U.S., said Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases. The goal of public health officials is to slow the virus’s entry into the U.S., she said.Federal and local health authorities have been monitoring people who have displayed symptoms and have a travel history that puts them at risk. The vast majority have tested negative: There are 11 confirmed cases in the U.S., and 167 people who have a negative test. It’s possible that some people can test negative and then have a positive result later, depending on how far along their illness is.The severity of the U.S. cases has varied, with some people becoming more severely ill, Messonnier said. Some have needed oxygen, she said.EU Doesn’t See Need for Broad Travel Restrictions (11:19 a.m. NY)The European Union doesn’t see the need for blanket travel restrictions in response to the coronavirus outbreak, Stella Kyriakides, the EU’s top health official, said in an interview with Bloomberg TV. Some EU member states, such as Italy, have taken such measures.Kyriakides, the European commissioner for health and food safety, said she has no concerns about China’s response to the outbreak.There are currently 25 coronavirus cases that have been identified in Europe, 21 in the EU, two in the U.K. and two in Russia, according to Andrea Ammon, the executive director of the European Centre for Disease Prevention and Control.“For the time being the situation in Europe is under control,” Ammon told members of the Euopean parliament in Brussels on Monday. “The aim currently is to really confine the cases and to prevent the further spread.”China Seeks U.S. Flexibility on Trade Targets (10:05 a.m. NY)Chinese officials are hoping the U.S. will agree to some flexibility on pledges in their phase-one trade deal, people familiar with the situation said, as Beijing tries to contain a health crisis that threatens to slow domestic growth with repercussions around the world.The agreement sealed Jan. 15 is supposed to take effect in mid-February. It has a clause that states the U.S. and China will consult “in the event that a natural disaster or other unforeseeable event” delays either from complying with the agreement. It’s unclear whether China has formally requested such a consultation yet, but the people familiar with the matter said the plan is to ask for it at some point.The Chinese Commerce Ministry and U.S. Trade Representative didn’t immediately respond to a request for comment.Lufthansa Extends China Flight Suspension (9:02 a.m. NY)German air carrier Deutsche Lufthansa AG said it would extend a suspension of flights to and from China because of the coronavirus outbreak.The airline will maintain a halt on service to and from Beijing and Shanghai until Feb. 28. Nanjing, Shenyang and Qingdao service suspensions will be extended to March 28, the airline said in a statement. It will continue to fly to and from Hong Kong.Last month, the airline announced it would suspend service to the Chinese mainland until Feb. 9.Over 25,000 China Flights Axed Amid Virus Disruption (7:52 a.m. NY)More than 25,000 flights to, from and within China will be canceled this week as more than two dozen airlines suspend services to the country, an unprecedented shakeup in the world’s second-largest aviation market.China Considers Lowering 2020 Growth Expectations (6:30 a.m. NY)Officials are evaluating whether the target for economic growth this year should be softened as part of a broader review. Further measures to shore up the economy are being considered, including increasing the planned cap on the budget deficit-to-GDP ratio and selling more special government bonds.Economists had expected China would aim for output growth of “around 6%” this year after seeking a range of 6% to 6.5% in 2019.China’s Biggest LNG Buyers Consider Force Majeure (6:53 p.m. HK)China’s big state-owned liquefied natural gas importers are considering force majeure declarations on contracted cargo deliveries as they grapple with the impact from the novel coronavirus, according to people with knowledge of the situation.Crop Cargoes Stuck at China Ports on Virus Controls (6:13 p.m. HK)Logistical constraints at some Chinese ports due to the coronavirus are holding up deliveries of agricultural goods from soy to palm oil cargoes. While China’s economic planner said that food supply can be ensured and prices will remain stable, the port disruptions highlight the country’s vulnerability.WHO Director-General Says Coronavirus Must Be Fought at Source (5:57 p.m. HK)The spread of the new virus can remain “minimal and slow” if the outbreak is fought at the source and countries cooperate, WHO Director-General Tedros Adhanom Ghebreyesus said. “There is no reason for any measures that unnecessarily interfere with international travel and trade,” he said.Hong Kong to Close More Checkpoints (5:23 p.m. HK)Hong Kong will close more checkpoints, including two major land ports on the border with the mainland, from midnight, Chief Executive Carrie Lam said at briefing. Only three out of the 13 checkpoints will stay open, including Shenzhen Bay port, Hong Kong-Zhuhai-Macau Bridge port and Hong Kong airport. Striking Hong Kong health workers had demanded that all entry points be shut.China Lunar New Year Passenger Volume Falls 73% (4:40 p.m. HK)The number of trips made in China over the Lunar New Year break plunged 73% to about 190 million from the holiday last year as people were prohibited or refrained from travel.Indonesia to Temporarily Stop Food Imports From China (4:22 p.m. HK)The government will find alternative suppliers to replace goods from China, according to a senior official. Details of the suspension will be discussed in a coordinating meeting.China Blasts U.S. for ‘Overreaction’ (3:56 p.m. HK)China said the U.S. had “inappropriately overreacted” to the deadly virus originating on the mainland and hasn’t provided much help to counter the outbreak.“The U.S. government hasn’t provided any substantial assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial withdrawal of its embassy staff, and the first to impose a travel ban on Chinese travelers,” Chinese foreign ministry spokeswoman Hua Chunying said on Monday.PBOC Says Stock Plunge Caused by “Herd Effect” (3:46 p.m. HK)There were some “irrational” factors in Monday’s stock slump, PBOC-backed Financial News said in commentary published on the People’s Bank of China WeChat account. The post says the impact from the epidemic on China’s economy is temporary and limited.Russia May Deport Foreigners With Coronavirus (3:45 p.m. HK)Russia may deport foreign citizens who are infected with the coronavirus as part of a national plan against the outbreak signed by Prime Minister Mikhail Mishustin.The government will also postpone the flagship Sochi Economic Forum due to be held Feb. 12-14 as a precaution, Mishustin said at a televised meeting with his deputies. Russia reported its first two cases of coronavirus on Friday.Germany Says It’s Ready for an Epidemic (3:09 p.m. HK)Germany has sufficient quarantine facilities to handle an epidemic, but the outbreak of the coronavirus is below that threshold, Health Minister Jens Spahn said in an interview with public broadcaster ARD.Thailand Sees Results From Drug Mixture (2:44 p.m. HK)A cocktail of antiviral drugs appeared effective in treating a seriously ill coronavirus patient, a Thai health official said.The HIV medicines lopinavir and ritonavir, which are sold by AbbVie Inc. as the product Kaletra, was used on three patients in conjunction with the anti-flu medication oseltamivir, sold by Roche Holding AG and Chugai Pharmaceutical Co. as Tamiflu, Somkiat Lalitwongsa, director of the Rajavithi Hospital in Bangkok, told reporters.Separately, China has kick-started a clinical trial to test a drug as the nation rushes therapies for those afflicted and scours for vaccines to protect the rest. Remdesivir, a new antiviral drug by Gilead Sciences aimed at infectious diseases such Ebola and SARS, will be tested by a medical team from Beijing-based China-Japan Friendship Hospital for efficacy in treating the coronavirus.U.S. to Send More Evacuation Flights to China (2:31 p.m. HK)The U.S. will be sending a “handful more” flights to bring citizens back from China’s Hubei province, U.S. Secretary of State Michael Pompeo told reporters, according to a pool report. The U.S. may bring citizens from other countries as well, the report said.Hong Kong Medical Workers Strike (2:16 p.m. HK)Hong Kong medical professionals began a five-day strike Monday after the government refused their demand to shut all entry points from China. Deacons Yeung, the Hospital Authority’s Director of Cluster Services, said emergency services remained normal and authorities had activated a “major incident control center” to monitor the situation.Virus Is Most Deadly in Hubei Province (12:45 p.m. HK)The number of official cases from the coronavirus is still highly concentrated in Hubei province. Of the 17,205 confirmed infections in mainland China so far, 65% are in Hubei, where the outbreak originated and where residents are in effective lockdown because of travel restrictions.The virus also appears to be more deadly in Hubei, accounting for 97% of the 361 total deaths reported in the country.U.S. Reports Additional Cases (11:20 a.m. HK)California confirmed two new cases of coronavirus in San Benito County, bringing the total of infected patients in the U.S. to 11.The two cases are a married couple, one of whom traveled to China. Earlier Sunday, Santa Clara’s public health department reported an additional coronavirus patient. The woman had traveled to Wuhan and visited the U.S. on Jan. 23. It’s the second case in the county, which is just south of San Francisco.Chinese Stocks, Commodities Plummet as Markets Reopen (9:38 a.m. HK)Chinese stocks plummeted the most since an equity bubble burst in 2015, with the CSI 300 Index dropping as much as 9.1%, as onshore financial markets opened for the first time since Jan. 23.China’s three major commodity exchanges were hit by a wave of selling as investors returned to markets gripped by fear over the impact the coronavirus will have on demand in the world’s biggest consumer of raw materials. China’s benchmark iron ore contract fell by its daily limit of 8%, while copper, crude and palm oil also sank by the maximum allowed.China reduced rates as it injected cash into the financial system, with the central bank seeking to ensure ample liquidity as markets plunge. It cut borrowing costs on the funds by 10 basis points.China Virus Cases Climb Above 17,000 (8:12 a.m. HK)China’s death toll increased by 57 to reach 361 as of Feb. 2, according to a statement from the Ministry of Health. Total confirmed infections climbed to 17,205, with the addition of 2,829 cases in the past 24 hours. There are 2,296 severe cases, the ministry said.(An earlier version of this report corrected the timestamp on one item.)\--With assistance from Alfred Liu, Miaojung Lin, Debby Wu, Abeer Abu Omar, Sara Marley, Helene Fouquet, Charlie Zhu, Miao Han, Kiuyan Wong, Jason Gale, Claire Jiao, Steve Geimann, Chris Reiter, Stepan Kravchenko, Andrey Biryukov, Richard Bravo, Nikos Chrysoloras, Jonathan Levin and Shawn Donnan.To contact Bloomberg News staff for this story: Jihye Lee in Seoul at jlee2352@bloomberg.net;Niu Shuping in Beijing at nshuping@bloomberg.net;Steven Yang in Beijing at kyang74@bloomberg.netTo contact the editors responsible for this story: Rachel Chang at wchang98@bloomberg.net, ;Drew Armstrong at darmstrong17@bloomberg.net, Adveith NairFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: What's not to like?

    * European shares up, extend gains after strong U.S. factory data * Ingenico rallies on Worldline takeover offer, top gainer in Europe * UK manufacturing ends longest decline since financial crisis * EU and Britain clash over a post-Brexit trade deal Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. The main source of bullishness of both sides of the Atlantic (S&P is currently up 0.6%) is the latest data fuelling hopes that the manufacturing sector is finally bottoming out. After wiping $400 billion off Chinese stocks this morning, global economists are scrambling to adjust their projections to account for the impact of the virus.

  • Reuters - UK Focus

    LIVE MARKETS-Coronavirus impact: fragile, handle with care

    * European shares up, extend gains after strong U.S. factory data * Ingenico rallies on Worldline takeover offer, top gainer in Europe * UK manufacturing ends longest decline since financial crisis * EU and Britain clash over a post-Brexit trade deal Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net CORONAVIRUS IMPACT: FRAGILE, HANDLE WITH CARE (1520 GMT) We can't stop talking about coronavirus, can we? After wiping $400 billion off Chinese stocks this morning, global economists are scrambling to adjust their projections to account for the impact of the virus.

  • Reuters - UK Focus

    RPT-GRAPHIC-Why the 'devil' coronavirus has hit European stocks hard

    With the death toll rising to 213 despite travel restrictions, the impact was most evident in European equity markets in shares of companies which pocket the bulk of their revenues from China, the world's fastest-growing consumer market. The pan-European STOXX 600 index is poised for its biggest weekly loss in four months, while among individual stocks Germany's Infineon, which gets two-thirds of its revenue from China, has fallen 10% despite strong quarterly results from Apple, its biggest customer. The Goldman Sachs' "China exposure" basket of European stocks has slumped 5% this week alone.

  • Reuters - UK Focus

    WRAPUP 2-Pilots, flight attendants demand flights to China stop as virus fear mount worldwide

    CHICAGO/PARIS Jan 30 (Reuters) - Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines' pilots filing a lawsuit seeking an immediate halt. China has reported nearly 10,000 cases and 213 deaths, but the virus has spread to 18 countries often by plane passengers. The Allied Pilots Association (APA), which represents American Airlines pilots, cited "serious, and in many ways still unknown, health threats posed by the coronavirus" in a lawsuit filed in Texas, where the airline is based.

  • WHO Declares Emergency; Cruise Passengers Cleared: Virus Update
    Bloomberg

    WHO Declares Emergency; Cruise Passengers Cleared: Virus Update

    (Bloomberg) -- The World Health Organization called the outbreak of coronavirus in China a global health emergency, citing the risk that the sometimes-deadly virus could expand to other countries beyond the smattering of cases outside China so far.The declaration comes hours after the Centers for Disease Control and Prevention reported the first case of human-to-human transmission of the coronavirus in the U.S., in a woman who traveled to China and then infected her husband. As confirmed cases in China have topped 8,000, nations are taking drastic measures to stop the virus’s spread.Key Developments:Recap Bloomberg’s live blog of the WHO press conference hereAutomakers to likely cut China production by 15%, supplier saysItalian cruise ship will stay in port for now, despite negative diagnosisWhat a WHO Global Health Emergency Means: QuickTakeBloomberg is tracking the outlook here | Click here to view on terminalCruise Passengers Can Depart After Negative Test (4:21 p.m. NY)Passengers will be allowed to leave a cruise ship that was quarantined in Italy, after a woman with coronavirus symptoms tested negative for the disease. The Costa Smeralda and the 7,000 people on board had been barred from leaving an Italian port while the case was investigated.Cruise operator Carnival Corp. said Italian health authorities had diagnosed the 54-year-old passenger with the flu. Passengers will be allowed to disembark if they like, or can carry on with the ship as it continues its voyage, the company said.Carnival shares closed down 3.8% on Thursday in New York.WHO Calls Coronavirus International Emergency (3:06 p.m. NY)The World Health Organization declared the coronavirus outbreak centered in China a public health emergency of international concern, a step that will let public health authorities aid countries with less-robust health systems to stop the spread of the virus.WHO Director-General Tedros Adhanom Ghebreyesus praised China‘s efforts to contain the outbreak, saying he had never seen a nation respond so aggressively to a disease, including building a new hospital in just 10 days.“Let me be clear: This declaration is not a vote of no confidence in China,” Tedros said. “On the contrary the WHO continues to have confidence in China’s capacity to control the outbreak.”It’s a contrast to the criticism China faced for a lack to transparency during the SARS pandemic 17 years ago, which killed almost 800 people.Tedros says there’s no need at this time for measures that interfere with travel and trade, even though many governments, airlines and businesses have already taken such steps. He also urged people to be careful of rumors and rushing to judgment.“This is the time for facts not fear,” Tedros said. “This is the time for science not rumors. This is the time for solidarity not stigma.”In the past, the WHO has come under fire for raising the alert too soon as well as too late. The last respiratory illness to trigger a health emergency was the flu pandemic of 2009, which caused widespread alarm but ended up being relatively mild. The WHO’s emergency committee, a group of infectious-disease experts, last week delayed a decision on whether to make the emergency declartion.U.S. Has First Human-to-Human Transmission (12:43 p.m. NY)A woman in Chicago who had been diagnosed last week with the coronavirus infected her husband, the Centers for Disease Control and Prevention said Thursday, the first case of human-to-human transmission to occur in the U.S.Both patients are in their 60s and are doing well while being kept in isolation, CDC officials said on the call. The agency said the virus is not spreading widely and that the risk to the U.S. public remains low.Disease experts are still trying to understand exactly how the virus spreads, and at what point after a person has become infected they become contagious. It’s also not clear, said CDC officials, how long a person has to be sick for before they will test positive. Both factors can present a challenge for public health workers who are keeping close tabs on contacts of people considered at risk.The man and the woman had been in close contact, said the CDC, which appears to raise the risk of people becoming infected.European Airlines Halt China Flights (12:09 p.m. NY)European carriers led by British Airways said they’re temporarily quitting China as the deadly coronavirus spreads, following decisions by U.S. carriers to limit flights to the country.BA took the most dramatic step, saying Thursday it will cease flights to Beijing and Shanghai until March 1 after acting on U.K. Foreign Office advice. Iberia, its Spanish sister carrier at IAG SA, is also suspending operations, while Deutsche Lufthansa AG, Air France and SAS AB said they’ll exit China until Feb. 9.In the U.S., President Donald Trump’s economic adviser Larry Kudlow said the decision on canceling flights would be left to U.S. airlines, for now. Almost 11% of flights scheduled to or from China were scrapped between Jan. 23 and Jan. 28, based on research from Cirium, which analyzes air travel.Initial Tests Show No Coronavirus on Italy Ship (10:50 p.m. HK)Initial tests showed no coronavirus on a Carnival cruise ship that was blocked from leaving an Italian port. A 54-year-old woman from Macau had earlier demonstrated fever and respiratory symptoms. She has since been kept in isolation on board in the port of Civitavecchia, near Rome. Final results are expected later Thursday. Carnival Corp. stock pared declines to about 2% in the U.S.Russia Closes China Border as Fears Grow (8 p.m. HK)The Russian government ordered its vast land border with China shut as the Kremlin moves to keep the deadly coronavirus at bay. The closure affects movement of people, not goods.While it’s still possible to fly to China, the Foreign Ministry warned Russians to refrain from non-essential travel to the country. Russia hasn’t reported any cases of the virus.U.S. Plans Another Wuhan Evacuation Flight: Dow Jones (7 p.m. HK)The U.S. will provide an additional flight to evacuate private citizens from Wuhan on or about Feb. 3, Dow Jones reports, citing unidentified people familiar with the situation.An earlier flight carrying more than 200 Americans arrived at March Air Reserve Base in California, where the passengers are being monitored.Hong Kong Warns of Surgical Mask Shortage (6 p.m. HK)Hong Kong warned it’s struggling to supply enough surgical masks. Chief Secretary Matthew Cheung said the government has bought 13 million, but public hospitals are using five or six times as many as normal and Hong Kong is stepping up local production at correctional facilities to keep up with demand. Another 24 million should be available at retail outlets soon, he added.Hong Kong’s population is about 7 million. Chief Executive Carrie Lam will hold a briefing Friday on the government’s latest measures against the spread of the virus, Cheung said.India, Philippines Report First Virus Cases (4:55 p.m. HK)India and the Philippines reported their first confirmed cases of the coronavirus, as the illness continues its global spread.A student who attended Wuhan University tested positive in the southern Indian state of Kerala, the government said. Meanwhile, a 38-year-old female Chinese patient who arrived from Wuhan via Hong Kong on Jan. 21 has been confirmed as the first case in the Philippines.Chinese Regions Extend Holidays (2:57 p.m. HK):At least one Chinese city and several provinces have extended the Lunar New Year holiday beyond Feb. 2 in an effort to control the spread of the virus.Shanghai, the autonomous region of Inner Mongolia and provinces of Guangdong, Zhejiang, Jiangsu have said businesses need not start operations until at least Feb. 10. Hubei province, where Wuhan is located, has said the holiday will last until at least Feb. 14.China had already extended the holiday nationwide on Monday. It was originally due to end on Jan. 30, but was stretched to Feb. 2.Trump Appoints Coronavirus Task Force (12:24 p.m. HK)President Donald Trump appointed a task force to coordinate the U.S. response to the coronavirus outbreak.The task force will be led by Health and Human Services Secretary Alex Azar, said White House Press Secretary Stephanie Grisham in a statement. Other figures include Robert Redfield, director of the Centers for Disease Control and Prevention, as well as National Security Adviser Robert O’Brien.The White House also plans to send CDC experts to China to help respond to the outbreak.Supply-Chain Fears Hit Taiwan Stocks (12:08 p.m. HK)Concern that the virus outbreak will disrupt the global supply chain rippled through Taiwan’s stock market. Taiwan’s Taiex plunged more than 5%, the most since October 2018, as trading reopened following the Lunar New Year break.Foxconn’s Hon Hai Precision Industry Co., which assembles the majority of Apple Inc.’s iPhones from China and has minor operations in Wuhan, sank as much as 10%. Hon Hai said all of its facilities will resume full-scale production only from Feb. 10, more than a week later than originally planned.Virus Spread May Prompt WHO Action: Expert (11:40 a.m. HK)Developments over the past week may push the World Health Organization to issue a global alert over the coronavirus, after the agency last week stopped short of calling it a health emergency, according to a public health specialist.Evidence that the disease can be transmitted before a person shows any signs of illness could make a difference as WHO’s emergency committee meets later Thursday, said Raina MacIntyre, a professor of global biosecurity at the University of New South Wales in Sydney. The global spread of the virus could also be a factor, she said.“That brings a more complex issue to disease control,” McIntyre said in a phone interview Thursday. “It becomes much harder to control infection where you have got transmission without symptoms.”Three Japanese Evacuated From Wuhan Have Virus (9:09 a.m. HK)Three of the 206 people who returned to Japan from Hubei Province on Wednesday tested positive for the new coronavirus, with two not showing any symptoms, Japan Health Minister Katsunobu Kato told a parliamentary committee.Two other evacuees on the charter plane declined to be tested and were sent home, according to the Health Ministry. Kato said officials did not have the legal power to force them to be tested. A second charter plane carrying 210 more evacuees arrived in Tokyo from Wuhan on Thursday morning.China Virus Cases Surge to Over 7,700 (7:47 a.m. HK)China’s death toll from the coronavirus rose to 170 from 132 previously, while the number of cases on the mainland jumped to 7,711, according to the National Health Commission.U.S. to Send Experts to China: Kudlow (6:45 a.m. HK)President Donald Trump’s top economic adviser said the U.S. would send experts to China to help the nation contain the coronavirus outbreak.“We are sending our best experts from CDC to help them,” Larry Kudlow told reporters on Wednesday, referring to the U.S. Centers for Disease Control and Prevention. “The Chinese invited us to do so.”Asked whether the White House is considering restricting flights to China, Kudlow said, “there’s a lot of discussions going on one way or another.”\--With assistance from Josh Wingrove, Linly Lin, Jason Gale, Sofia Horta e Costa, Bryce Baschuk, James Paton, Michelle Fay Cortez, Pradeep Kurup, Andreo Calonzo, Claire Jiao, Jeff Sutherland, Thomas Mulier, Alberto Brambilla, Jake Rudnitsky and Mark Schoifet.To contact the reporters on this story: James Paton in London at jpaton4@bloomberg.net;Michelle Fay Cortez in Minneapolis at mcortez@bloomberg.net;Bryce Baschuk in Geneva at bbaschuk2@bloomberg.netTo contact the editors responsible for this story: Drew Armstrong at darmstrong17@bloomberg.net, ;Eric Pfanner at epfanner1@bloomberg.net, Adveith Nair, Mark SchoifetFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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