^GDAXI - DAX PERFORMANCE-INDEX
| Previous Close | 12,367.46 |
| Open | 11,891.87 |
| Volume | 0 |
| Day's Range | 11,724.12 - 12,008.59 |
| 52 Week Range | 11,266.48 - 13,795.24 |
| Avg. Volume | 88,746,139 |
Yahoo Finance VideoMarkets fall deeper into correction as the coronavirus spreads
As the markets continue to fall deeper into a correction, investors are unsure how the markets will respond next. Interactive Brokers Chief Strategist Steve Sosnick and Deutche Bank Securities Chief Economist Torsten Slok join On the Move to discuss.
Yahoo Finance VideoEuropean stocks fall over coronavirus fears
Yahoo Finance’s Oscar Williams-Grut joins the On The Move panel to discuss how the coronavirus has impacted the European markets as the virus continues to spread globally.
Reuters VideosShares drop, gold surges as investors scurry for safety
Commuter traffic was gradually increasing in Beijing on Monday (February 24) as more residents returned to work after weeks of quarantine in their own homes. But the number of coronavirus cases in the city jumped. Meanwhile South Korea was put on high alert as the number of infections there jumped to 763. And the number of cases and deaths in Europe and the middle east rose. Analysts described the latest developments with the virus as 'game-changing'. Sending shockwaves around global markets, with investors fleeing for safe-haven gold, up over two percent in early trade. European shares took a beating, with Italy plunging more than 4% after the spike in cases left parts of the country's industrial north in virtual lockdown. That put Milan on course for its worst day since 2016. Arthur Brunner is a fixed income specialist at ICF bank: (SOUNDBITE) (German) DIRECTOR SPECIALIST FIXED INCOME AT ICF BANK, ARTHUR BRUNNER, SAYING: "The DAX had a very weak start into the new week. The coronavirus and especially its spread to Europe put the markets into a state of shock. Markets across the globe are clearly taking hits. The DAX is currently down 3.3% and in Asia too, losses were similar. There is a fear that the coronavirus will lead to a permanent weakening of the world economy." The European STOXX 600 wiped off all its 2020 gains. And London-listed stocks saw $50 billion knocked off companies' market value. Travel, tourism and luxury stocks continue to be among the worst hit from the health crisis. As well as sectors that rely on China for their supply chains.
- FX Empire
European Equities: A Week in Review – 29/02/20
It was quite a week for the European majors that slumped into corrective territory. It could get worse once the numbers reflect the impact of the virus.
- Bloomberg
Germans Ditched Stocks in 2019, Missing a Rally and Its Dire End
(Bloomberg) -- For once, Germans’ notorious distrust in equities might just be doing them a favor. The number of people in Germany who own shares or stock-based funds fell by about 660,000 last year, snapping two years of gains, according to capital markets lobby group Deutsches Aktieninstitut, a lobby group for capital markets. The benchmark DAX index gained 25% in 2019, but fell more than 12% since the novel coronavirus outbreak began rattling European markets.Read more: Germany Should Prod Its Savers to Take Risks: Leonid BershidskyJust 15% of Germans over the age of 14 are now invested in equities, the data show. Investors may have been scared off by stock market losses in 2018 and warnings of a slowing economy, according to Deutsches Aktieninstitut. Germany’s push for a tax on financial transactions also did its part to scare off new investors, the group said.Read more: Derivatives Market Under Threat From New German Tax LegislationTo contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Lukas Strobl, Paul JarvisFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- FX Empire
Global Shares Routed as Investors Ditch Risky Assets on Fear of Worldwide Recession
Hopes that that the epidemic that started in China would be over in a few months and economic activity would return to normal have been shattered. Fear as measured by the CBOE volatility index or VIX, jumped to 39.16, the highest level in about two years.
- FX Empire
European Equities: Futures Point to more Doom and Gloom ahead
If the Futures are anything to go by, the DAX is about to join its U.S peers in corrective territory. The CAC and EuroStoxx600 are likely to join.
- FX Empire
DAX30 Bears Fully Controlling the Market
Dax30 is in a heavy downtrend caused by a negative sentiment due to corona virus. Equities are dropping in sync and DAX is no exception.
- FX Empire
European Equities: Another Slide on the Cards and the Prospects of a Global Pandemic Intensify
The majors are set for another fall at the open as the markets face the ever-growing prospect of a global pandemic and even greater disruption to trade.
- FX Empire
European Equities: Covid-19 News Updates and ECB President Lagarde In Focus
The European majors are set for another fall at the open as risk aversion sweeps the Asian markets. Coronavirus news updates overnight were not market-friendly.
- FX Empire
European Equities: Futures Point to a Positive Open as Bargain Hunters Return
The majors are set for a positive start to the day off the back of Monday’s slide. Stats will need to support, however…
- Benzinga
Global Markets Plummet As Coronavirus Spreads In Europe, South Korea And Middle East
China has relaxed the restrictions imposed in Wuhan as the number of reported cases in the country, according to state-run Xinhua News Agency. Hong Kong, where five more cases of the coronavirus were confirmed to bring the total at 79 cases, according to the South China Morning Post, saw the benchmark Hang Seng Index dip 1.79% at 26,820.88. Confirmed cases of the COVID-19 skyrocketed in South Korea to 833 as at least 231 new cases were reported on Monday alone.
- FX Empire
EUR/USD Daily Forecast – Euro Little Changed As Equities Plunge
While the global markets are seeing an extreme level of volatility to start the new week, EUR/USD is confined in a relatively tight range, holding close to a nearly 3 year low.
- FX Empire
European Equities: Futures Point to a Tough Day Ahead for the Bulls
The majors are set up for a slide at the open, with coronavirus news weighing heavily on risk appetite. Stats will play second fiddle today.
- FX Empire
The Week Ahead – Economic Data and COVID-19 Updates to Drive the Majors
It’s another busy week ahead. The continued spread of the coronavirus and last week’s dire PMI numbers out of the U.S could get things off to a bad start…
- FX Empire
European Equities: A Week in Review – 22/02/20
Coronavirus news updates from South Korea and beyond sunk the majors, with better than expected stats unable to shift risk sentiment.
- FX Empire
Equities In Retreat, GDP Growth In Danger, Fed Downplays Rate-Cut Outlook
Equities retreat following a surprise pullback in U.S. markets on Thursday. The risk of a coronavirus-driven market correction grow daily.
- FX Empire
European Equities: Private Sector PMIs to Hit the Majors as Risk Aversion sinks the Futures
The European majors are set to open in the red ahead of prelim February private sector PMI numbers that aren’t likely to support…
- Benzinga
Global Stocks Mixed As China Takes More Economic Measures To Tackle Coronavirus Outbreak
The People's Bank of China cut the benchmark on-year loan prime rate by 10 points to 4.05% in line with market expectations, CNBC reported. The move saw the stock markets surge in mainland China. Shanghai Composite index traded 1.84% higher at 3,030.15 and Shenzhen Component was up 2.43% at 11,509.09.
- FX Empire
European Equities: Consumer Confidence Figures Could Limit any Upside Later Today
While the futures markets point northwards, consumer confidence figures could change the mood later today…
- FX Empire
Gold On The Rise. Stronger Stocks and USD Are Not Stopping The Bullish Party.
Gold is climbing higher despite the strong American Dollar and relatively high demand for stocks.
- FX Empire
European Equities: Risk Pendulum Swings in Favor of the Bulls Ahead of the Open
Futures point to a bullish start to the day for the majors. Monetary policy support from the PBoC is expected, with no stats out of the Eurozone to spook the majors.
