(Bloomberg) – The sickening ride on global financial markets took a more dramatic turn Monday overthrow US stocks since 1987 after President Donald Trump warned the economic disruption from viruses might take in the summer. The S & P 500 lost 12%, extending losses Trump said the economy could fall into recession. Stocks opened sharply lower after federal stimulus failed interested in the world to appease investors about the damage inflicted on the economy of Corona. The negative superlatives for stocks piling Americans. The S & P wiped his victory in 2019 and is now almost 30% from its all-time high. The Dow Jones Industrial Average lost nearly 13%, falling 3,000 points after two years of low. The Russell 2000 had to lose his worst day ever recorded over 14%. “This is different. The frightening thing is about is not never been in a scenario in which you turn the whole economy,” said Steve Chiavarone, a portfolio manager with Federated Investors. “You get a feeling in my stomach that we do not know how this price and the market may stop falling.” While the cut of the Fed’s interest rates at zero and buying beaten bonds to keep investors require a huge spending package pain closures of schools, restaurants, cinemas and. sporting events have to compensate companies around the world scaled back activities to the needs of the limit the government to make social interaction here are a few from Key Monday passes over the main activities. All 11 groups in the S & P 500 has dropped, with eight of them after downward by at least 10%. the Dow Jones Industrial Average, tumbling from a record reached 30%. Brent below $30 a barrel for the first time since 2016. Treasury yields appeared on the curve movements withdrew more pronounced me at the short end. Stocks fell in Asia and Europe, where the continent was now more new cases of the virus daily reporting, China is at its peak, as more block countries. The yen, the dollar rebounded pink swayed the Swiss franc. Gold has failed once again on the run for user ports and vice versa stagger an earlier gain. The bonds fell in most European countries, where a measure levels of success do not see market stress from 2011-2012 euro crisis. The Fed and other central banks have greatly improved efforts to stabilize the capital markets and liquidity, but the movement was not able to increase the mood or to improve the global economic outlook rapidly deteriorating. An International Monetary Fund has pledged to mobilize its lending capacity to $1 Katherine, also had little impact on markets. The problem is bad news stackable keep. The regional indicator New York Fed factory activity plunged. Ryanair Holdings Plc said on Monday it will be the majority of its European ground plane as a consultant, the pandemic has said most of the airlines are bankrupt on June 1, unless governments and industry step. Nike Inc. and Apple Inc. announced closures of storage. “A major policy response like this would set a plan of risk assets under normal conditions and a recovery support,” Jason Daw, strategist at Societe Generale SA in Singapore, wrote in a note. “However, the shock of the growth size is always exponential and markets casts doubt rightly, what else do the monetary policy and its effectiveness can discounting crown induced downside risks in mitigating factor.” The yen rebounded plunge from Friday after the Fed and five colleagues said that they would provide foreign currency swap lines. Australian shares fell nearly 10%, the most since 1992, even after the Reserve Bank of Australia has said it is ready to purchase securities for the first time – an announcement that sent yields down. Currency New Zealand slumped after a cut of the emergency rate hike by the country’s central bank. Meanwhile, China reported Monday that manufacturing and retail sales have fallen over the past two months. These are the most important steps in the markets: stocks, the S & P 500 fell 11.98% from 16.00 in New York. The Dow Jones Industrial Average fell 12.93% The Stoxx Europe 600 Index has lost 4.9%, resulting in a decrease fragments that 10%. The MSCI Emerging market fell by 6.3%. The MSCI Asia Pacific fell 3.7%. Currencies The Bloomberg Dollar Spot Index rose 0.2%. The euro gained 0.5% to $1.1162. The Japanese yen strengthened 1.8% to $105.94 al. Bonds, the yield two-year Treasuries fell 14 basis points to 0.35%. The yield on 10 years Treasuries fell 22 basis points to 0.73%. The yield on the 30-year Treasuries fell 22 basis points to 1.31%. German 10-year yield rose seven basis points to 0.47%. Commodities West Texas Intermediate crude oil fell by 9.2% to $29.05 a barrel. Gold has weakened by 4.3% to $1,463.30 per ounce. The fell 2.5% iron ore at $86.10 per ton. -With the help of Claire Ballentine, Elena Popina and Elizabeth Stanton.
The market is in panic mode. ‘Equity markets plunge 12% amid fears Crown
