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Wall Street increases its losses to 2.5% due to the outbreak of the pandemic


Outstanding falls of 3% in Wall street after the historical highs of Nasdaq marked this Tuesday and as investors focus their attention on the outbreak of the coronavirus pandemic, which threatens the economic recovery discounted by the market in recent weeks. Investors also don't like US tariff tensions with the EU.

These factors, together with the high levels of valuation that has reached the American variable income, they turn any collection of benefits into a considerable correction like the one of this day.

In health matters, the coronavirus continues to put markets in check. The White House health adviser, Anthony Fauci, has recognized that the country is attending "an uneasy" positive rebound in recent days.

The most affected states are California, Arizona and Texas, precisely those who previously reopened their economies and are now being forced to close them again. Furthermore, the situation of Florida and in general that the pandemic continues to spread uncontrollably throughout the country.

Globally, the covid-19 pandemic will cause a contraction of world GDP of 4.9% in 2020, a more severe figure than the 3% contraction projected last April. This is indicated by the projections published this Wednesday by the International Monetary Fund (IMF), which add that the exit from the crisis will be less vigorous than expected, since there will be a 5.4% rebound in 2021, less than 5.8% of the previous forecast.

For his part, the general director of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, has insisted that Covid-19, the disease that causes the new coronavirus "it will not go away" because the pandemic "is growing", and both the number of cases and deaths continues to "increase".

The actions most linked to tourism, such as cruise companies Norwegian Cruise, Royal Caribbean or Carnival They have led the falls in the S&P 500, along with the hotel Wynn Resorts.

Politics also set the investor agenda again. When the dialectical fire created by Peter Navarro, the controversial advisor to Trump, which gave up on the trade agreement with China, investors focus on the fact that The US is studying the possibility of applying tariffs worth 3.1 billion dollars to imports from the United Kingdom, France, Spain and Germany.

The decision would be motivated by the US dispute with the European Union involving the European company Airbus and his American rival Boeing.

In other markets, the West Texas oil up 0.1% to $ 40.80. Besides, the ounce of gold up 0.8% to $ 1,781, while the euro 0.47% is appreciated and it is changed to $ 1.1311. Finally, the profitability of 10-year American bond it rises to 0.71%.

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