Concern about the potential economic impact of the coronavirus outbreak overwhelmed global markets overnight, leading to heightened expectations that the US central bank may cut interest rates in March - perhaps sooner.
A day after officials in Long Island, New York said they were monitoring about 80 people for the virus, CNBC reported that the state of California was monitoring 8400 people for it.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
