Global markets fall amid the rise in the number of coronavirus cases outside China, this Monday (14).
The rise in the number of cases of coronavirus beyond China's borders shook the world's main exchanges this Monday (24). Investors fear the possibility of the epidemic spreading and having an even greater impact on global growth.
In the United States, stocks fell more than 3%. Gold jumps to highest value in 7 years. Oil prices fell sharply.
The growth in the number of new cases, mainly in South Korea, Italy and Iran, is being monitored by international organizations.
WHO dismisses a “pandemic”, but says outbreak is still an international emergency.
Europe's stock market suffered losses of US$ 474 billion (nearly R$ 2 trillion). In addition to the biggest intraday percentage drop since the UK voted to leave the European Union in June 2016.
In the US, the S&P 500 and Dow Jones indexes recorded simply the worst daily performance in the last two years, according to Reuters.
Among the most important exchanges in the world, the most significant drop was registered in Milan. The FTSE/MIB index fell by 5.3% as Italy confirmed 7 deaths and reported at least 190 people had been diagnosed with the virus.
“While the number of reported cases in mainland China continues to fall (409 new cases on Sunday versus 648 the day before), the rise in infections outside China now appears to be the new driving force of market concerns,” strategists commented in a note. of the Royal Bank of Canada.
The CSI300 index, in China, which brings together the largest companies listed in Shanghai and Shenzhen, closed down 0.4%, while the Shanghai index fell 0.28%.
In Brazil, it is worth remembering that the stock market and banks are off due to Carnival and will only reopen on Wednesday (26).
The main Brazilian assets in New York closed sharply. Wall Street's largest Brazilian index fund (ETF), iShares MSCI Brazil, or EWZ, was down 4.99%. Meanwhile, the Dow Jones Brazil Titans, which gathers shares of Brazilian companies traded in New York, retreated 4.81%.
Financial leaders at the G20 predict global growth will be modest in 2020 and 2021.
Data
The virus has infected about 77,000 people and has killed more than 2,500 in China, where it originated last year.
In Italy, 7 deaths have been confirmed. In South Korea, 7. And in Iran, 12.
