Following the coronavirus pandemic, a large number of business activities have been suspended as people are under lockdown. According to the latest news, European markets have recorded their worst quarter ever since 2002. On Tuesday, they record a 23.03 percent drop in pan-European stock since the year started. It is the worst first quarter as it nearly surpassed the 2002 third quarter records-23.33 percent loss.
Similarly, the Span IBEX 35 records the highest plunge in the whole of Europe, with a 28.94 percent drop worst quarter ever. Italy FTSE MIB experiences its worst quarter in record-27.46 percent fall. Energy, travel and leisure shares featured a significant shift on Tuesday, with telecom as well as banking shares in the red.
The Europe stocks’ 600 bounce back
Since the virus outbreak and rapid spread in Italy, by mid-March, the benchmark bounced back, capturing about a quarter of losses. The good news is that the country is recording a significant decrease in the number of virus infections for the past two weeks. The World Health Organization says the coronavirus outbreak might be approaching its peak in Europe. Unfortunately, other nations, including Spain, are recording a massive rise in the infection numbers.
At the moment, all stocks groups are down in the first quarter with leisure and travel, showing the high marks. In recent sessions, stoke has considerably increased. There is a significant boost by stimulus measures outlaid by Europe, as well as the United States aiming to cushion the economic blow caused by the pandemic. Peel Hunt says that the bounce they are experiencing is a result of oversold levels. Ian Williams says that they are not getting the massive output because of the falling markets.
Considerably little stimulus
Williams urged investors to remain patients for the virus case data to improve with the bit of encouragement they are getting from the central banks as well as governments. The wide range of the western European countries benchmark is falling day after day since the pandemic hit. In the first three months of this year, several countries have recorded significant losses. Estimate in Italy, Spain as well as in Greece shows a twenty-five percent decrease.
Due to the comprehensive lockdown policy enforced in the whole of Europe to curb the virus spread, on Tuesday, Companies continue to shed light on the economic fallout. Advertising firm WPP Plc suspends its payments and share cash in, even though the shares still increased as market analysts’ highlighted huge savings.
Conclusion
As we know, the economy is the backbone of our day to day activities. In general, the COVID-19 pandemic has hit almost every country economically. The routine activities which used to run each day are not. Besides, a large number of market specialists are indoors in fear of the virus infection. It is high time we come up with necessary new marketing strategies so as we can support the economy even if we are under lockdown. One of the strategies to help us is the online marketing approach, as we will not have to contact face to face businesses.
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