23:00
Another day of sharp declines in Wall Street, in what appears to be a panic among investors as a result of the spread of the Corona virus in the US, and the central bank’s attempt to support the market after cutting its rates sharply and earlier than expected.
Yield on US bonds fell to 0.9% – a historic low.
The NASDAQ index plunged 3.1%, the Dow Jones lost 3.6% (950 points), and the S&P 500 plunged 3.36%. The Fear Index (VIX ) Jumped more than 20%.
American Airlines crashed about 12%, Amazon lost 2.8%, Cisco fell 5%. Among Israelis, Tower, Allot, Siva, Florist and Sapiens fell by about 5%.
22:30
Wall Street indices fall about 4 percent and erase the sharp increases recorded yesterday with Joe Biden’s victory in nine states out of 14 en route to leading the US Democratic camp.
Despite the Fed’s lowering of interest rates, markets continue to bleed, raising concerns. If that is not enough, the steps taken by the regulator also do not calm the situation. Continuing to lower interest rates yesterday, the Senate approved a $ 8.3 billion budget tonight to address the consequences of the spread of the Corona virus.
According to Harel economists: “Reducing interest rates will not solve the Corona virus crisis, it will only complicate matters and raise the risks. The outbreak of the Corona virus creates two major economic problems: a production chain problem, as a result of closure of factories in China, Korea, and in the future – this problem In the economy supply shocks (fewer products are coming to markets) People’s concerns about leaving home also cause a shock in the services sector, with people avoiding shopping malls, movie theaters, hotels, flights and the like.
“Both of these problems become a third problem – harming companies in the affected industries, and especially harming companies with short-lived leverage. This is reflected in the damage to economic growth, wages and the entire economic chain,” wrote Harel.
Harel writes, “The reduction in interest rates will increase demand for products (those whose demand is not affected by the virus), but the virus also causes a reduction in product supply, so there is a danger of price increases. Reducing interest rates will reduce credit for companies, but not companies affected by the virus ( Because the risk in the industry has risen.) The last thing that creates such a sharp and early interest rate cut is an anxiety effect – which indeed the Fed sees a recession, “wrote Harel.
20:15
Wall Street declines deep in the shadow of the Corona spread in the US as ten deaths are reported this evening. Top indices fall by 3.8%, and the fear index jumps by more than 30%. Indices fall despite the Fed’s surprisingly low interest rate, which has tried to cure a hit but the market Less convinced of the move After the Fed’s interest rate decision, the 10-year government bond yields at an unprecedented low.
‘Bond King’ James Gundlach said tonight that the Fed may cut interest rates one more time, even in the next two weeks, following a lower interest rate hike this week.
Airlines’ shares are absorbing most of the drop in flight cancellations in light of the spread of the Corona virus. Stock American Airlines Submarine by 10% and complete a 25% fall per week.
President Trump said today he is not convinced the virus infection rate is 3.4 percent. Trump said things by “gut feeling and after consulting experts.”
Among the Wall Street Israelis, Leiberson The duality falls by more than 6%, as does Sapiens , Tower Drops by 3.4%, fertility By 4% and so does the share of nature The Israeli.
18:37
European stock exchanges have been locked down in the shadow of the Corona panic and similar to New York sentiment. The Ducks lost 1.54%, the Kuck 1.9% and Potsi lost 1.6%. The Madrid Stock Exchange was down 2.6%.
On Wall Street, the indices are losing height after the surge yesterday, and despite the Fed’s measures to support the markets by lowering interest rates.
17:00
The decline in Wall Street stock markets is deepening in the wake of concern about the spread of the Corona virus in the US. Leading indices plummet by about 3%, airlines’ shares are crashing.
Stock American Airlines Submarine by 7%, Dark Loses 2%, Amazon Down 1.6%, Cisco Systems At 3%, Check Point Loses 2.2%, oracle Drops by 12%, Delta Airlines Drops by about 5%.
In light of the drop in oil prices, OPEC has drafted a plan to deepen the black liquor production rate to support its price. 14 Saudi-led companies today cut production to 1.5 million barrels a day during the second quarter of 2020 The move requires the approval of Russia that is not a member of the organization.
4:30 pm
New York trading opened up sharply, following yesterday’s rally, while the Corona continues to slumber investors. The Dow Jones Industrial Average loses 2.6%, the Nasdaq drops 2.4% and the S&P 500 falls 2.6%. The Fear Index (VIX) jumps more than 15%.
In Europe, the indices are bright red. The Madrid Stock Exchange falls by 2.8%, the CAC loses by 2.4%, the Dax falls by 2.3% and the Potsi falls by 2.14%.
15:30
European equities are plummeting, after the positive reaction of the markets at the beginning of trading to the International Monetary Fund’s aid program has completely disappeared.
measure Stokes Loses about 1.5%, after already trading down 2.8% during trading today, with the other exchanges falling to 2%.
Stock Capita Plunges 37% to a two-year low after the results are published whileCineworld Loses 16%.
In New York, declines in futures are exacerbated and indicate a 750-point fall in the Dow Jones Industrial Average.
13:30
Sharp declines of up to 1.5% in the leading indices on the European stock exchanges.
Oil prices rise ahead of the OPEC meeting in which Saudi Arabia is expected to push its countries and their allies, including Russia, to agree to further reductions in output to support the market. The price increase is also supported by a lower than expected rise in U.S. crude oil stocks, making it easier Concerns about oversupply by the world’s largest oil consumer.
Significant declines in Wall Street futures have been reported in the US following the trading session yesterday. Dow Jones contracts point to a 600-point drop.
11:15
Trading on the European stock exchanges went down in price declines on the leading exchanges, and indexed Stokes Europe 600 Moving around a 0.5% decline.
stock The Loopers Leading the rise in the index after raising a recommendation for JP Morgan’s German food delivery service. Stock HUGO BOSS Leaps after the company reported a fall in annual profits in 2019, but raised the dividend and released optimistic forecasts for 2020. Melrose Industries British and German Pharmaceutical Company Merck Kgaa Are also rising after annual reports.
Stock Capita Submarines after results are posted, and sharp declines are also recorded in stocks Overex , Continental and-ITV .
10:30
Trading on the European stock exchanges opens today as the markets respond positively to the $ 50 billion Corona Impact War relief package from the International Monetary Fund.
measure Stokes Europe 600 Recovers about 0.7% led by the financial services sector, which strengthens by 1.3%.
Asian stock exchanges today closed at a sharp 1.8% rise in Shenzhen, up 2%Shanghai , 2.1% bHong Kong , 1.3% bKorea , 1.1% bAustralia And 1.1% bJapan , Following the Wall Street rally last night.
The IMF’s aid came after a series of interest rate cuts this week from major banks, including the US and Australia.
The latest figures from the World Health Organization indicate 93,000 corona deaths, and 3,199 deaths.
The focus in Europe is still on Italy, the most difficult case of Corona outside the Far East, alongside Iran. In Italy, 2,706 cases and 109 deaths were recorded; Most cases are in Lombardy where Milan’s financial center is located in Milan. All schools and universities in the state were closed by mid-March.
07:30
Trading on the Asian stock markets is trending positive on Thursday, after the Dow Jones Industrial Average plunged to nearly 1,200 points yesterday in New York.
The International Monetary Fund (IMF) yesterday announced a $ 50 billion aid package to combat the effects of the Corona virus. Christina Georgiva, chair of the foundation, said the money is available “immediately” and is aimed at low-income countries and emerging markets.
The Shanghai Stock Exchange soon jumps to 2%, and Shenzhen is up 1.4%. In Hong Kong, Heng Seng recorded increases of about 1.6%. Australia’s S & P / ASX 200 index is up 0.8%, driven by a 3% increase in CSL stock. Australia’s trade figures exceeded expectations. The balance of goods and services posted a surplus of US $ 5.21 billion (about US $ 3.445) on a seasonally adjusted basis, in excess of the Australian $ 4.8 billion surplus. The state today warned that Corona’s effects would cut at least half the growth in the current quarter. About a second death in the country from the virus, which is the first from a local infection.
In Japan, the Nikkei index climbs by about 1.2%, and a 0.9% rise is recorded in a cospic index in South Korea.
Wall Street recorded a huge rally last night, which ended the Dow Jones Industrial Average up 4.5% or 1,170 points. The Nasdaq jumped 3.9% and the S&P 500 soared 4.2%. The sharp increases have removed all three metrics from the repair territory, so they are now less than 10% below last year’s peak. The Nasdaq has also returned to positive territory this year And rose 0.5% since the beginning of 2020.
Yesterday’s leap came against the backdrop of Joe Biden’s victories en route to the Democratic presidential nomination, which jumped the shares of health insurance companies. Biden’s competitor, Bernie Sanders, recently criticized insurance companies, saying they were full of “greed and corruption.” Sanders Socialist advocates health insurance for everyone (Medicare for All), which raises industry opposition to it, and the decline in its chances is great news for insurance companies.
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