Rolling coverage of economics, business and markets as investors pile into US government bonds
- US 10-year Treasury bond yield hits all-time low
- Asian markets fall heavily as virus fears dominate
8.47am GMT
Jaguar Land Rover’s profits will be hit by the coronavirus outbreak, after an 85% fall in sales in China, its Indian owner Tata Motors has said.
The coronavirus has significantly impacted China sales with February retails down around 85% vs the prior year.
The spread of the virus to other markets such as South Korea, Japan, and Italy will also impact sales in those markets.
In the event of specific parts shortages, Jaguar Land Rover would ordinarily be able to still build cars and retrofit missing parts when available, however, we cannot rule out the risk that a shortage of a critical component could impact production at some point.
8.27am GMT
From Bond to bonds: UK government debt has not been left out of the global rush for safe havens.
