Three Months That Shook Global Markets


(Reuters) – How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression
The numbers have been staggering: US$12 tril (RM51.85 tril) has been wiped off world stock markets, oil has slumped 60% as Saudi Arabia and Russia have started a price war and emerging markets like Brazil, Mexico and South Africa have seen their currencies plummet more than 20%
Volatility and corporate borrowing market stress has spiked on worries that whole sectors could go bust, airlines have had half their value vapourised, while cratering economies risk a new wave of government debt crises
“It has been like a train wreck,” Chris Dyer, Director of Global Equity at Eaton Vance, said. “You could see it coming and coming and coming, but you just couldn’t stop it happening.”That carnage has seen 22% and 20% slumps for Wall Street’s Dow Jones and S&P 500, over 23% for MSCI 49-country world index and 26% for London’s internationally exposed FTSE
For reference, the record quarterly drop for Wall Street was 40% in 1932 in the midst of the Great Depression. The fact that the S&P and Dow were at record highs back in mid February has made the crash this time seem more brutal
Stocks in China, where the virus hit first, have fared relatively well in comparison with only an 11% drop in dollar terms, but the impact on other major emerging markets has been devastating as their main commodity markets, and currencies, have also collapsed
Russian stocks, which topped the tables last year, have been routed 40% in dollar terms. South Africa, which was stripped of its last investment grade credit rating on Friday, has fallen by the same percentage, though Brazil has been the worst, plunging 50%
A large part of that is down to some wild forex market moves. All three of those countries have seen their currencies lose over 20% this year, which also ties in to the commodity market carnage
Brent crude oil has fallen by 65% in the quarter to just US$25 a barrel. This was not only because of the coronavirus crisis, but also the price war between Saudi Arabia and Russia, which is putting their public finances at risk
Industrial metals like copper, aluminium and steel have all dropped 15%-22% and some agricultural staples like coffee and sugar are down 17% and 10%
“These are truly historical moments in the history of financial markets. 2020 will go alongside 1929, 1987 and 2008 in the text books of financial market panics,” Deutsche Bank Strategist, Jim Reid, said
Give me shelterSo are there any places to shelter? Yes, but not many
Sit-on-your-sofa-suited stocks like Netflix and Amazon have risen 14.5% and 6.5% respectively and some specialist medical equipment companies have surged
Ultra-safe US government bonds have returned 12% as the Federal Reserve cut US interest rates to effectively zero, leading a charge of around 62 interest rate cuts globally
The dollar has rocketed against emerging market currencies. It had also shot up against the majors too, but has eased back over the last two weeks and will end the quarter only 3% up against those bigger currencies
This has left the Japanese yen, the other traditional FX safe haven, with only a 0.5% gain. The Swiss franc is down against the dollar, although it has climbed steeply against the euro and many other currencies
Will April bring much relief? JPMorgan reckons the coronavirus will have pushed the world economy into a 12% contraction in 1Q and with the pandemic still spreading rapidly and keeping large parts of the global economy shuttered, it is unlikely to get much easier in 2Q
The cavalry has arrived though. G20 governments have promised a US$5 tril revival effort, major central banks have cut rates and restarted asset purchases. Markets bounced big last week until Friday came and may still end 1Q on a relative high
Stephane Monier, Chief Investment Officer of Lombard Odier, is looking to see whether infection rates in Europe and elsewhere peak as they did in Asia
If they do, markets could see a V-shaped 30% recovery, although if they do not and cases jump in Asia again as lockdowns are lifted, it could be akin to a “war” situation which would impact the economy for 1-1/2 years
“Our expectation is for a very volatile second quarter,” Monier said. “It is important to keep in liquid, high-quality assets.”

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/04/three-months-that-shook-global-markets.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+M

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Duo Jailed Three Months For Stealing Mangoes Violating Mco

Duo Jailed Three Months For Stealing Mangoes Violating Mco

papar berkaitan - pada 31/3/2020 - jumlah : 227 hits
A paddy farmer and an unemployed man were sentenced to three months in jail by the Kangar Magistrate Court today for stealing Harum Manis mangoes and violating the Movement Control Order Magistrate Kamaliza Md Zain handed down the sentence ...
Martin Khor Penang Boy Global Champion Of Sustainability

Martin Khor Penang Boy Global Champion Of Sustainability

papar berkaitan - pada 4/4/2020 - jumlah : 323 hits
Martin s passing is a huge loss for Penang and indeed the world A St Xavier s Institution alumnus he studied at Cambridge University played a leading role in Third World Network and rose to become a profound thinker intellectual and champio...
Malaysians Fleeing Global Lockdown Fuel Concern Of Imported Covid 19 Cases

Malaysians Fleeing Global Lockdown Fuel Concern Of Imported Covid 19 Cases

papar berkaitan - pada 5/4/2020 - jumlah : 249 hits
CORONAVIRUS The Health Ministry is concerned over a possible wave of imported Covid 19 cases caused by Malaysians returning home from abroad As of noon today health director general Dr Noor Hisham Abdullah said that 752 citizens have been p...
Sekjen Pbb Antonio Guterres Serukan Kembali Gencatan Senjata Global

Sekjen Pbb Antonio Guterres Serukan Kembali Gencatan Senjata Global

papar berkaitan - pada 5/4/2020 - jumlah : 218 hits
Sekjen PBB Antonio Guterres New York Sekretaris Jenderal Perserikatan Bangsa Bangsa Antonio Guterres menyerukan kembali gencatan senjata global agar semua orang di seantero dunia fokus menghadapi pandemi virus korona Seruan gencatan senjata...
Gubernur Bi Kabar Nilai Tukar Rp20 000 Per Usd Jadi Sorotan Global

Gubernur Bi Kabar Nilai Tukar Rp20 000 Per Usd Jadi Sorotan Global

papar berkaitan - pada 2/4/2020 - jumlah : 178 hits
Perry menegaskan bahwa hal itu hanyalah sebuah perumpamaan yang coba dicegah agar jangan sampai terjadi Namun demikian pemberitaan terkait kurs rupiah sebesar Rp20 000 per USD sudah banyak menyebar sejak kemarin
Imf Ramal Ekonomi Global Meleset Teruk

Imf Ramal Ekonomi Global Meleset Teruk

papar berkaitan - pada 31/3/2020 - jumlah : 164 hits
IMF Ramal Ekonomi Global Meleset Teruk TABUNG Kewangan Antarabangsa meramalkan pandemik Covid 19 mencetuskan kemelesetan ekonomi global tahun ini dengan kesannya lebih buruk berbanding krisis kewangan pada 2008 Pengarah Urusan IMF Kristalin...
Pemerintah Siapkan Langkah Antisipasi Resesi Global Akibat Virus Corona

Pemerintah Siapkan Langkah Antisipasi Resesi Global Akibat Virus Corona

papar berkaitan - pada 31/3/2020 - jumlah : 163 hits
International Monetary Fund memprediksi ekonomi global akan mengalami resesi akibat virus corona atau Covid 19 Selain itu pemulihan krisis ekonomi juga akan lebih lama ketimbang krisis keuangan global pada 2008 2009
A Global Consumer Default Wave Is Just Getting Started

A Global Consumer Default Wave Is Just Getting Started

papar berkaitan - pada 31/3/2020 - jumlah : 154 hits
These issues in China are a preview of what we should expect throughout the world of debt from her credit card and an online lending platform operated by Jack Ma s Ant Financial I m late on all the bills and there s no way I can pay my debt...
Global Covid 19 Deaths Top 60 000 Number Of Cases Hit 1 17 Million

Global Covid 19 Deaths Top 60 000 Number Of Cases Hit 1 17 Million

papar berkaitan - pada 6/4/2020 - jumlah : 229 hits
WASHINGTON The number of coronavirus deaths worldwide totaled 63 437 on Saturday with Europe accounting for over 45 000 or two thirds of the total There are now more than 1 17 million confirmed coronavirus cases around the world since the v...
Tattoos Raised And Itchy

Tattoos Portland Maine

Kisah Adv 160 Pengajaran Dari Bateri Lemah

Flexibility In Business Operations

Kawan Kawan Cik B Sebaya Dato Seri Vida

Umno Youth To Protest Extra Hours For Civil Servants Working Shifts

Kempen Hartanah Bumiputera Khas Untuk Pembeli Bumiputera Mendapatkan Rumah Dengan Tawaran Giler Menarik

Biodata Hael Husaini 2 Kali Juara Ajl Dan Perjalanan Dalam Industri Seni


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


Jangan Risau Jika Tak Terkenal

Company Director Scammed Of Over Rm1mil By Inspector Harun

Bila Pn Buat Pusingan U

Let S Not Return To The Old Ways Of Tight Media Control

Bank Islam Berwajah Baru Melalui Aplikasi Dan Web

Lava168 1