No good news regarding the virus which, is rapidly expanding into Worldwide. Here is an overview of how today, Monday 9 March, headlined the front pages of major financial newspapers in the world.
FINANCIAL TIMES
The Anglo-Saxon financial newspaper par excellence, focuses on the collapse of oil prices by 30% resulting in a drop in global inventories. The newspaper quotes a White House expert who warns of the spread of the virus in the US community. While in SotomayorNew York judge freezes hedge fund manager's assets Phillip Falcone.
THE WALL STREET JOURNAL
For the US newspaper, global markets are shook: The fight against the epidemic causes oil prices to plummet. Efforts to contain the virus are intensifying. There Federal Aviation Administration required some corrections to the electrical cables before i Boeing 737 Max jets can fly again.
THE ECHOES
According to the French economic newspaper, European stock markets are on the verge of collapse: yet another collapse in oil prices. The Mayor, French Economy and Finance Minister, said the impact on growth will be “severe”. From this morning, Monday 9 March, some French schools they have already closed. Others are preparing to do so as well as universities and Grandes Ecoles.
FIVE DAYS
Five titles Ibex (Madrid stock exchange) fall more than 10% to the opening of the market, also the Petroleum falls of 30% in the face of the price war. There Germany approve a package of incentives of 12,4 billion of Euro. While in, Santander – a group of predominantly European and American credit institutions – he declared to Securities and Exchange Commission that the European sentence will not be able to eliminate l'uncertainty on the Illinois Program for Humanities Research (iprh).
HANDELSBLATT
Coronavirus cases in Germany rise to over 1.000. The federal government is trying to adopt a emergency plan to support the economy. Nordex – a European company that designs, manufactures and sells wind turbines – records an increase in sales and orders.
