Stocks topped the week for the worst of four when coronavirus spread

Sharing is caring!


LONDON / SYDNEY (Reuters) – Stocks around the world fell on Friday and were set for their worst week as four investors poured risky assets to the safety of bonds and gold, with Cases of coronavirus in China and elsewhere have spread.

FILE PHOTO: DAX chart of the German stock price index is depicted at a stock exchange in Frankfurt, Germany, February 20, 2020. REUTERS / Staff / Photo Photo

China reported multiple cases on Friday, with the financial leaders of the Group of 20 major economies in Saudi Arabia over the weekend to discuss the risks to the global export economy. from the outbreak.

Although investors have been optimistic about the long-term economic risks from the virus, new cases of ongoing incidents in countries outside China have caused them to gnaw nervously, with South Korea on Friday. have recorded more than 50 new cases.

Europe's Euro STOXX 600 was down 0.3%, with indexes in London . and Paris .CHCH reduced by 0.5% and 0.3% respectively.

Olivier Marciot, chief investment officer at Unigestion, said the risk of falling prices – bonds are being bought back and barriers are being put into operation.

Not helping the nerves to be produced by production surveys emphasizing the cruel state of the Japanese economy.

Japanese purchasing managers market index fell to 47.6 in February, from 48.8, marking the sharpest contraction in seven years.

Surveys in Europe paint a brighter picture, with French business growing faster than expected in February on a recovery in …

. (t) China (PRC) (t) Currency / Foreign exchange market (t) Asia / Pacific (t) Australia (t) National government debt (t) Singapore (t) Major news ( t) Stock market (t) Europe (t) Commodity news (3rd party) (t) Report (t) Emerging market countries (t) United States



Source

Leave a Reply

Your email address will not be published. Required fields are marked *