AMWatch

Markets react: Coronavirus and oil shock lead to massive drops

The threat of a price war on oil and the spread of the coronavirus hit the financial markets hard on Monday morning.

Photo: Foto: Thomas Borberg

On Monday morning, financial markets experienced shell shock as the threat of a price war has crushed oil prices, while the markets are still at the mercy of the continued spread of the coronavirus.

This has led to extreme effects on a number of equities across the world: government rates are being cut, equity is plummeting and oil-related currencies are in sharp decline.

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