Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Global stocks fall amid fears of new virus in China


January, 21 2020
watermark Economic news

Chinese and European stocks show a decline amid concerns about the spread of a new coronavirus in China. The virus, which broke out at the beginning of the year in the Chinese city of Wuhan, has already spread to many cities of the country and claimed the lives of several people.


The Shanghai Composite index fell 1.4%, hitting its lowest level for the year, while the blue-chip CSI300 index fell 1.7% to a two-week low. Both benchmarks lost all the growth caused earlier by the signing of the first phase trade agreement between the US and China. In particular, shares of airlines, movie theater operators and casinos fell. At the same time, the quotes of drug manufacturers increased.


European stocks are also getting cheaper. The Stoxx Europe 600 Index fell 0.75%. Shares of LVMH Moet Hennessy Louis Vuitton SE fell 2.7%, Burberry Group – 3.43%, and Compagnie Financiere Richemont shares fell 3.4%.

Chinese President XI Jinping said that the authorities intend to make containment of the epidemic a top priority, which drew the attention of investors to the seriousness of the crisis situation.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.