Home>Без рубрики>The market reacted sharply to the spread of coronavirus

The market reacted sharply to the spread of coronavirus

The market reacted sharply to the spread of coronavirus

  The spread of coronavirus that has begun in the Chinese city of Wuhan affected stock market performance. According to the latest information from the Chinese Health Committee, the number of deaths has reached 80 people. At the moment, 2804 infected are registered, as Forbes reports. The virus is found in citizens of Asia, North America, Europe and Australia. Some analysts fear that China will not be able to cope with the spread of the disease.

     The news of the coronavirus affected not only oil prices, but also the stock markets. The global MSCI decreased by 0.42%, and the European STOXX 600 – by 1.4%. Bannockburn Securities strategist Mark Chandler claims that the virus could turn into market adjustments that have been brewing since ancient times.

     Axitrader analyst Stephen Innes is confident that any financial shock in the PRC is instantly displayed in other countries.

     According to the Financial Times, the spread of the virus also affected the Japanese Topix indicator, it decreased by 1.6%, and S&P 500 futures dropped by more than 1%. Data from China’s stock exchanges is still unknown, as they are closed during the New Year holidays. Deutsche Bank economist Jim Reid fears that the coronavirus will cause panic among investors.

     Against this, the cost of gold increased by 0.7%.

     Investors also fear a decrease in the number of trips abroad. Shares of United Airlines fell by 3.51%, American Airlines – by 4.03%.

Author:Елена

Актуальные новости

25.07.2021, 12:08
180
Tennessee man died from heart attack after ‘Swatting’ over Twitter handle
07.07.2021, 11:10
228
Opening Bell: U.S. Futures, Europe Stocks, Gold Edge Higher On Market Optimism
23.06.2021, 11:08
170
SEC delays decision on Valkyrie Bitcoin ETF
08.05.2021, 11:00
170
Wealth Manager Vaneck Files Application for an Ethereum ETF, Aims for Cboe BZX Listing
04.03.2022, 09:48
143
As Market Volatility Soars, 2 ETFs To Navigate Market Choppiness
16.02.2022, 14:26
238
Walmart Q4 Earnings Preview: Strong Sales To Overcome Inflationary Pressures
15.08.2021, 13:20
263
French Covid permit scheme extended to Paris department stores
30.01.2022, 12:51
168
3 Stocks To Watch In The Coming Week: Advanced Micro Devices, Alphabet, Amazon
btc
$ 18992.46
-1.62%
eth
$ 1296.42
-2.27%
xrp
$ 0.430832
-1.4%
busd
$ 1.001
-0.19%
ltc
$ 52.62
-1.32%