Stock markets collapse, oil loses 17%, financial apocalypse worsens

US, WASHINGTON (ORDO NEWS) — The CAC 40 closed down almost 6% on Wednesday, and the fall is accentuated in the after-hours on the futures contract, which is currently falling by more than 8%, encouraged in its collapse by the US stock markets, the S&P 500 and the Dow Jones both losing more than 7% at the time of writing this article in mid-US session.

The oil , which fall more heavily as scholarships, with a barrel WTI crude down more than 17%, and Brent loses 12%, also accentuates the negative sentiment.

No new key information regarding the coronavirus pandemic can explain the new plunge in the markets of the day, but it is interesting to note that even the fact that Trump suggested a stimulus plan of up to $ 1 trillion Last night failed to calm investors, as it did with the Fed’s recent 1% emergency rate cut.

At this stage, the central banks did more or less everything they could in terms of monetary policy, which failed to redress the sentiment. And although governments are – in the end – following suit, nothing seems to be able to push the stock markets up.

It therefore seems that it is still too early to risk believing that the worst is over with regard to the impact of the coronavirus on the markets, and any rebound, whether on the stock markets or oil, should above all be visibly considered a sales opportunity for several more weeks

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.

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