Last year was a good year for the stock market. All the 17 global stock indexes surveyed by Reuters closed higher, and only one index did not rise to double digits.
Novel coronavirus has been on the decline this year, with most of the decline in the last five trading days, which is worried about the new coronavirus pandemic and disrupting the supply chain, and has a major impact on the global economy.
The new crown outbreak may cause serious economic damage and even cause global recession concerns. It has hit MSCI's index of all countries in the world to a two-and-a-half-month low. This week alone, the market value of the global stock market evaporated nearly $3 trillion. The price of safe haven gold rose to a seven-year high, with US bond yields close to a record low.
"The S & P 500 index fell 3.4% on Monday, which used to be considered as an average one-day bad performance, but this decline is rare and alarming under the new normal of tacit central banks and the U.S. president's open view of the stock market as a key driver of the global 'economy'," said Michael every, head of Asia Pacific Financial Market Research at Rabobank.
74 of the 100 analysts who answered the additional questions expected the bull trend in global equities to continue for at least another six months. Nearly 60% of respondents said it would last more than a year.
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