Stocks drop on Monday

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Mon, 09 Mar 2020 22:03:24 GMT

Source: Dukascopy Bank SA

During Monday's US trading session, stock indices dropped, as the global economy was expected to get hit by a Italian quarantine.

Actual Topics

On Monday, US shale oil producers began a spending cut spree and a reduction of production that was caused by crude oil price drops.

JPMorgan Chase is likely to eliminate nearly 140 jobs in Switzerland in a bid to cut costs, sources familiar with the matter told Reuters.

Siemens announced its intention to keep a minority stake of 30% in Siemens Energy, which it spinning off later in 2020.