Spike in Coronavirus Infections Hammers Stock Indices
Stock indexes smashed after an increase of infections outside China.
Stock indices smashed after a surge of reported coronavirus cases outside of China.
Stock indices have been routed in today’s trade due to an increase in the number of reported coronavirus cases, in Italy, South Korea, and Iran. This has promoted border closures and travel restrictions in some countries.
In today‘s market analysis, we go over the heavy selling viewed so far in the European session. We now look forward to seeing activity in tonight’s U.S. session. Projections have already started, following the Dow opening as much as 700 points lower. We also take a look at the other side of the coin, as gold continues to be the big winner on the long side, continuing its amazing rally.