France's CAC 40 slipped 3.6% to 4,241.02 in early trading, while Germany's DAX shed 2.9% to 9,648.42. Britain's FTSE 100 plunged 3.9% to 5,450.63 after major banks announced they were scrapping dividend payments, bringing their share prices sharply lower.
The key index, which measures sentiment among large manufacturers, fell to minus 8 from zero in October-December, the worst result in seven years. Sentiment among non-manufacturers was also dismal as the service sector, tourism and other businesses have also been hit hard by the outbreak. The surge of coronavirus cases around the world has sent markets to breathtaking drops since mid-February, undercutting what had been a good start to the year. The virus outbreak abruptly put the clamps on the economy. Benchmark U.S. crude oil dropped by roughly two thirds in January-March amid expectations for weaker demand.
Markets have cut their losses in recent weeks on hopes that massive aid from governments and central banks around the world can blunt the blow. The S&P 500 was down nearly 31% for the quarter at one point, but it has climbed 15.5% since last Monday.
TSX up. Dow down
So..in FEB stocks started to CRASH..usually the STOCK Market “knows things”WAY BEFORE regular Joe/Joella do..BUT TURDEAU sure the *uck KNEW “shit was hittin the fan”-& did NOTHING-THEN..when it MATTERED Concerning OUR HEALTH/LIVES..he was JETSETTING forUNseat
No shit Sherlock
How instead of looking for doom and gloom that you actually looking for positive side, i.e. people recovering
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