erased the last of their year-to-date gains on Tuesday before opening roughly 1% higher the following morning.on virus concerns. Yet new fears of the outbreak becoming a global pandemic should prompt investors to build up defensive strategies, chief executive Nigel Green said.
DeVere expects markets to act"jittery" over the coming weeks as the pace of infection either accelerates or fades. Cboe's VIX index, which measures broad market volatility, spiked through Monday and Tuesday's trading sessions to A global pandemic would cut 1.3% - about $1.1 trillion - from the economists' baseline projection as a labor shortage, weakened tourism, and lower capital investment shocks the world economy, Oxford estimated.
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