The main European selectives started the day with increases of 5%, but faster than expected they returned to negative territory with losses of up to 3.47%
After another black Monday in global markets, the European stock markets failed to stabilize despite the positive start and the favorable closure of the Asian markets.
The main European selectives started the day with increases of 5%, but faster than expected they returned to negative territory with losses of up to 3.47%.
Although after an hour, the Spanish index tries yes or yes a rebound, and rises 1.47%.
The other that rebounds, one of the most punished in recent days, is the main Italian index, the Italia 40 that is gaining more than 1% at the moment. And the German Dax narrows its losses in half, now it loses 1.33%.
The benchmark index on the continent, the EuroStoxx 50, falls to around 2,400 points. On Monday, it had already fallen 5.9%, and so far this month and 2020, its accumulated losses are close to 40% after closing the worst week in its history on Friday.
For their part, crude oil prices are teetering around the psychological barrier of $ 30 a barrel. And it is that the strong downward pressure caused by fear of the impact of the coronavirus in the global economy does not stop.
European markets are in tune with Wall Street futures, which anticipated gains – after a historically bad session on the other side of the Atlantic. After a while in the red, the futures try to recover and rise to 2%.
In Asia, however, the result was different. In Asia, Tokyo managed to close flat, with a slight rise of 0.06%, after a volatile session in which it fell more than 3%.
On Tuesday, investors will again be aware of the decisions that central banks continue to implement to face a possible recession caused by the coronavirus.
The Federal Open Market Committee of the Federal Reserve (Fed) begins its two-day meeting to make more decisions on interest rates. The body has already cut them twice in recent weeks. The last time was last Sunday, when he cut them at one point, the highest emergency casualty since 1984.
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