European, US markets could fall 15% 'below the lows we've already seen': Strategist

South Africa News News

European, US markets could fall 15% 'below the lows we've already seen': Strategist
South Africa Latest News,South Africa Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 2 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Markets, especially developed ones, could still hit new lows despite showing resilience and making gains amid the ongoing coronavirus crisis, said Mark Jolley of CCB International Securities.

Central banks cannot stop weakness in growth, severe earnings declines or corporate bond defaults, he said. A pedestrian wears a protective face mask as she walks past the London Stock Exchange in London, U.

K., on Monday, Mar. 2, 2020.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump says US will destroy Iranian gunboats if they harass US shipsTrump says US will destroy Iranian gunboats if they harass US shipsUS should focus on saving its military from the coronavirus, an Iranian armed forces spokesman said after Trump threatened to destroy Iranian boats
Read more »

Oil at two-decade lows, price of U.S. crude for delivery below zeroOil at two-decade lows, price of U.S. crude for delivery below zeroBenchmark Brent and U.S. oil futures for June delivery plunged to around two-decade lows on Tuesday, a day after U.S. May futures sank into negative territory for the first time in history as demand tumbled due to the coronavirus crisis.
Read more »

People posting oil memes after US price drops below $0 for first time - Business InsiderPeople posting oil memes after US price drops below $0 for first time - Business InsiderAs oil prices plummeted as a result of the coronavirus pandemic, people made memes on Twitter about becoming oil barons for mere pennies.
Read more »

US-China relations at a low as 'blame-shifting' sets back war against virusUS-China relations at a low as 'blame-shifting' sets back war against virusTies between the U.S. and China are at their 'worst point in living memory,' says one academic who says both countries are engaged in a 'grand exercise in blame-shifting' over the coronavirus pandemic.
Read more »

No vacancy: Main U.S. oil storage in Cushing is all bookedNo vacancy: Main U.S. oil storage in Cushing is all bookedOfficial U.S. government data shows that storage at the key crude oil hub in Cushing, Oklahoma, was just 70% full as of mid-April. Traders say that is bunk - because whatever is left is spoken for by firms sending oil to the hub right now.
Read more »

Atos acquires U.S.-based Miner & KaschAtos acquires U.S.-based Miner & KaschAtos SA has acquired U.S.-based data science firm Miner & Kasch in a bid to boost its big-data and AI consultancy business, the company said Wednesday. The French information technology company didn't disclose financial details of the deal. Experts from Atos's 2017 big-data acquisition zData will work with Miner & Kasch staff to accelerate its data-science-as-a-service offering, the company said.
Read more »



Render Time: 2025-03-07 00:40:50