Distribution coronavirus accelerates the fall in financial and commodity markets

2020-02-28 12:38:53
Machine translation
Distribution coronavirus accelerates the fall in financial and commodity markets

Drop in financial and commodity markets continues for the sixth day in a row. Investors fear that coronavirus Covid-19 dramatically worsen the state of the global economy. In 50 countries, recorded more than 80,000 cases and 2800 deaths. The majority of cases - residents of China.

 

the spread of the disease in Europe and Asia intensifies panic. The VIX, which demonstrates the willingness of investors to risk, fell to a record low -36,2. At the peak of the panic in 2008 it dropped to 80. Analysts said the possibility of a new global crisis.

 

Dow Jones on Thursday plummeted by 4% or 1200 p, which was the largest drop in history. The S&P 500 fell 4.4%, the Nasdaq by 4.6%, London's FTSE is 3.5% and the Japanese Nikkei is just over 2%.

 

Weekly losses on the stock exchanges of the USA and Europe began to be felt after 2008, when there was the global financial crisis. In General, for 6 days the shares of companies around the world have lost $ 3.6 trillion dollars.

 

more countries are adopting measures to combat the virus. People are advised to refuse to travel and shopping, stop the work of enterprises.

 

amid the panic spread quotes on Brent crude oil in the U.S. yesterday fell by 3.4% to 51 $/barrel, soybean oil - by 3.1 to 635,8 $/ton, corn - on 2% to of 144.7 $/t, and wheat - 2.6% 192,5 up to $/t

 

the Commodity markets are falling not as fast as the stock, as traders attempt to transfer assets from financial instruments in a reliable commodity, particularly in agricultural products.

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