The Day Today 14th February 2020

– Coronavirus: Hubei province death rate slows although the accuracy of China’s national figures is in doubt
– BOJ’s Maeda warns of “big contraction” to GDP, sluggish overseas demand and consumption slowdown due to sales tax hike
– Bank of Mexico cut rates 25bp to 7% as expected, citing slower economic growth
– Nvidia growth surged Q4, earnings topped f/cs, data centre revenue +43%, share price +7% in after-market

US equity markets pulled back from record highs after China reported a jump in coronavirus cases, after changing methodology of how cases were counted. Asian equities were mixed, Hubei coronavirus cases smaller increase than yesterday but methodology changes cloud the numbers.
US Retail Sales 1:30pm, IP 2:15pm and Michigan Consumer Sentiment 3pm. Renault reports today.

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On this day in 1924 the Computing-Tabulating-Recording Company changed its name to International Business Machines Corporation (IBM)

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