Feb 27, 2020 7:00:00 AM | LGT Navigator
LGT Navigator: Coronavirus brings back volatility
In view of the spread of the novel coronavirus in Europe and in other regions not yet affected, such as South America, stock market sentiment remains extremely fragile and volatile. European stock indices experienced a veritable rollercoaster ride yesterday. The German stock barometer, the Dax, fell by a further -3.3% in the morning hours, but then recovered during the course of the day, along with the other European indices, and closed in the green zone. On Wall Street, too, the indices began to recover after the sharp slide at the beginning of the week, but then lost gains again. In Asia, the majority of investors continue to be risk-averse.