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We see a nasty drop in equity markets on Wednesday, with almost all leading indices in the red. Basically, trade was similar in the first part of the week, as countries tightened restrictive measures consecutively due to the spread of the coronavirus in Europe. Today’s drop was also triggered in part by such an event, with German Chancellor Angela Merkel calling for stricter restrictions, proposing a cut in travel and social events, including closing bars, restaurants, and leisure facilities for late of November. Meanwhile, French President Emmanuel Macron announces new restrictions in a live televised speech Wednesday night on the growing spread of the coronavirus epidemic, which according to press reports could lead to up to four weeks of national quarantine. .
Not only European but also foreign stock markets are in a bad mood, US futures indices are in the red, without exception, the Dow futures is down 472 points, so based on the current position, the index can open at 1.5 percent less. S&P 500 futures are down 1.3 percent anyway, while Nasdaq futures still outperform today, down 0.7 percent.
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