The spread of the epidemic outside of China continues to accelerate, spanning new countries. In most European countries where coronavirus cases were first reported, diseased patients returned from Italy.
Financial markets, which have fallen since the beginning of the week, finally capitulated yesterday. Extremely negative sentiment prevails in the markets this morning. Between Monday and Thursday, the capitalization of global stock markets hit $ 3 trillion.
- S&P500 increased weekly losses to 12%.
- Interest rate now the probability of reducing the key rate at the next meeting is close to 100%
- VIX Volatility Index (also called the fear index) indicates the most severe destabilization in world markets since August 2015.
- The price of #Brent dropped below $ 51 per barrel for the first time since December 2018.
The scale of the panic is absolutely incredible. Everything happens very quickly, and the observed collapse of the markets already looks much more serious than it was at the end of 2018. And this is only the beginning, the markets have not yet understood what is happening now in Syria ...
We look forward to opening markets on Monday with a huge gap.