Ftse Mib: here is the target of the fall. Eur / Usd out of danger?

Equity markets have seen a surge in volatility in recent sessions, with sharp falls fueled by fears about the coronavirus. What are the possible scenarios in the short term? Do you expect further discounts?

The days we have been experiencing since the beginning of the week on the stock markets are very nervous days.
Some signs had been glimpsed in the last hours of the last eighth and now the stock exchanges are back to reckoning, and this time in a decidedly different way than a few weeks ago, with the “coronavirus”.

The infection spread not only to our country, which has become the third largest in the world by number of infected people, but also to South Korea and Iran.

The fear of investors is that the impact of the coronavirus on the various economies can be decidedly heavy, pushing some countries even to face a possible recession.

The market spotlights are all focused on the coronavirus: are there other market movers to follow with interest in the short term?

It is not only the Chinese virus that has put aside that honeymoon that had been on the stock markets for some time, but also some disappointing macro data from overseas.

US consumer confidence rose less-than-expected and the Richmond manufacturing index dropped to -2 points from 20 last month.

In a context in which sentiment is worsening very quickly, I would pay attention in a few hours to the words that will come from Lagarde, to understand any moves by the ECB.