The prices of government bonds soared to an unprecedented level yesterday, Friday, and stocks fell on all stock exchanges in the world in light of the growing concerns about the expected economic turmoil due to the increasing spread of the Corona virus.
Last week, the US Federal Reserve lowered interest rates on the dollar by 50 basis points, suddenly, to counter the economic impacts of the Corona virus
Also, US stocks fell in the morning trading on the New York Stock Exchange despite the American jobs report, which came higher than expected, and the US Standard & Pose Index fell by 3%, continuing to decline on Thursday, the day before yesterday, due to fears of the Corona virus
The main European stock indices fell by 4%, and the Stoxx 600 bleed For the third week, which tracks the leading companies in the region, to become a total decrease of 12% in 2020, you have concerns and doubts about the health of companies ’budgets and profits.
