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Closing Wrap – Friday, February 28, 2020

In European Equity Markets the pan-European Stoxx 600 closed 3.8% lower as markets around the world tanked. The benchmark lost approximately 12.7% for the week, its worst since October 2008 at the height of the global financial crisis. Basic resources fell 4.6% to...

Opening Wrap – Friday, February 28, 2020

In Asian Equity Markets stocks declined on Friday trade as fears over the spread of the coronavirus globally drove investors to safety. Japanese stocks were among the biggest losers regionally as the Nikkei 225 fell 4.14%. The Shanghai composite was down 3.37%. Hong...

Closing Wrap – Thursday, February 27, 2020

In European Equity Markets the pan-European Stoxx 600 closed 3.6% lower, officially entering correction territory as it was off more than 10% from its record high notched on Feb. 19 last year. WPP shares fell 17% to the bottom of the Stoxx 600 after the world’s...

Opening Wrap – Thursday, February 27, 2020

In Asian Equity Markets indices fell on Thursday as investors remained cautious over the fast-spreading new coronavirus that has infected more than 81,000 people and killed over 2,700. Japanese stocks led losses among major markets in the region as the Nikkei 225 fell...

Closing Wrap – Wednesday, February 26, 2020

In European Equity Markets the pan-European Stoxx 600 closed slightly below the flatline, paring some earlier losses. Travel and leisure stocks were the worst performers, down more than 2%. Groupe PSA beat full-year revenue estimates and reported a 13.2% rise in...

Opening Wrap – Wednesday, February 26, 2020

In Asian Equity Markets indices declined in Wednesday after stocks on Wall Street fellfor a second day. The Nikkei 225 in Japan fell 1.85% in morning trade after declining more than 3% on Tuesday. South Korea’s Kospi fell 1.67% while the Kosdaq declined...

Closing Wrap – Tuesday, February 25, 2020

In European Equity Markets the pan-European Stoxx 600 closed down 1.8% provisionally, with all sectors in the red. Among the major bourses, France’s CAC was among the worst performers, falling 2%. Italy’s FTSE MIB also fell, extending sharp declines seen yesterday, on...

Opening Wrap – Tuesday, February 25, 2020

In Asian Equity Markets stocks in Japan saw sharp declines on Tuesday following an overnight decline on Wall Street as fears of the economic impact from the coronavirus outbreak spread. The Nikkei 225 fell 3.97% in early trade, before easing to losses of 3.36% as...

Opening Wrap – Monday, February 24, 2020

In Asian Equity Markets stocks in South Korea led losses among major Asian markets in Monday after the country raised its coronavirus alert to the “highest level” following a rapid spike in cases over the weekend. The Kospi was down 3.1% as shares of automaker Hyundai...

Closing Wrap – Thursday, February 20, 2020

In European Equity Markets the pan-European Stoxx 600 was down 0.4%, with insurance stocks falling 1.4% to lead losses while autos bucked the trend to jump 1.2%. Earnings are a key driver of individual share price action Thursday. Shares of Sweden’s Elekta fell 6%...

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