After the "black Monday" on the stock exchanges came and "black Thursday"

2020-03-13 12:00:59
Machine translation
After the "black Monday" on the stock exchanges came and "black Thursday"

on Monday, stock indexes and oil prices collapsed due to the failure of Russia and Kazakhstan to reduce oil production. But during the week, the quotes gradually restored until Wednesday night, President trump will not suddenly denied entry to the U.S. of people from the EU to prevent the spread of the virus Covid-19. This led to another collapse, and yesterday, the U.S. markets dropped for a 9-11%, which is the worst figure since the crisis of 1987

 

Saudi Arabia, which announced discounts for customers yesterday on the spot market, offered oil at 25 $/barrel, putting pressure on prices. During the day futures for Brent crude on London exchange ICE fell by 9.16% to 32,51 $/bbl, but later recovered to 33.9 $/barrel.

 

In the United States at the opening session of the stock market indices Dow Jones, S&P 500 and Nasdaq fell 7% each, after that auction, as Monday, was stopped for 15 minutes. It didn't help and the day the Dow Jones fell by 9.99% to 21200 p., S&P 500 9.51% to 2480,54 p., Nasdaq Composite - by 9.43% to 7201,8 p.

 

a further decrease in the main European stocks:

the

Germany's DAX down 12.24% to 9161,1 p.,

Italy's FTSE MIB by 16.92% to 14894,4 p.,

Spanish IBEX 35 – by 14% to 6390 p.,

the CAC 40 by 12.2% to 4044,25 p.

  • Britain's FTSE 100 – by 10.3% to 5237 p.,

 

On the Moscow stock exchange RTS index fell sharply from 11% to 966 p. the Russian ruble for the week depreciated by 15% and approached 75 rubles/$.

 

the Drop in share prices and oil pressure on the prices for agricultural products, which continue to decline on the exchanges and physical markets. Until invented the vaccine against the virus Covid-19, and the disease will not be controlled, hope for the recovery of demand is not worth it.

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