Coronavirus: financial markets are blacking out

After having resisted for a long time, the equity markets were finally overtaken by the spread of the coronavirus. In Paris, the CAC 40 plunged 3.32% on Thursday. In just five days, he lost more than 9%. The other large European squares are on the same slope. The Frankfurt Dax fell 2.7% on Thursday and the London Footsie sank 3%. The Vix, also known as the “fear index”, which measures volatility on Wall Street, literally flew, in a few days, from less than 15 to more than 30, thus exceeding a warning rating.

Read also: Coronavirus: a coup on the financial markets

Just last week, equity markets anticipated a time-limited crisis and a temporary impact on economic activity, followed by a rebound. " Equity markets were also benefiting from central bank support policies and low interest rates," according to Natixis Wealth Management. But, last weekend, the game completely changed. " The geographic spread of the epidemic to many countries

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