US
- US markets slid into correction territory, with the S&P 500 and NASDAQ falling 4.43% and 4.61% respectively. Market volatility is likely to stay elevated as more news about the Covid-19 community spread within the US becomes available.
- In the 26 market corrections since 1945, the S&P 500 fell 13.7% (avg) and took 4 months to recover. We are currently close to this average drop, but be cautious in case it drops further into bear market territory.
- Hold short-duration bonds or defensive equities like US Consumer Staples and high-quality equities. Asian equities are another option for higher-risk investors.
Europe
- European markets closed 3.75% lower as the region continues to grapple with new Covid-19 infections. Travel & Leisure stocks fell another 4.7%, with all sectors in the red, as Estonia and Denmark both reported their first confirmed cases.
- In economic data, Eurozone economic sentiment rose to 103.5 in February, from 102.6 (Jan), while consumer confidence improved from -8.1 to -6.6 in February.
Asia
- Asian markets were mixed yesterday. The Shanghai Composite and Hang Seng Index rose 0.11% and 0.31% respectively after the WHO said new Covid-19 cases outside China exceeded those inside China for the first time.
- On the other hand, the Nikkei 225 fell 2.13% after the JPY rose to 110.13 against the USD.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن