FILE PHOTO: The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS/Thomas White/Illustration
LONDON - U.S. stocks could be in line for another double-digit decline in the near-term because of damage from the spread of coronavirus, index provider MSCI said on Thursday, citing its scenario-based analysis, “We’ve conducted a what-if scenario analysis that assumes a short-term drop in growth of 2 percentage points and a risk-premium increase of 2 percentage points,” Thomas Verbraken, executive director at MSCI’s risk management solutions research told clients.
“Our model indicates that, in such a scenario, there’s room for further short-term losses: U.S. equities — already down 11% from Feb. 19 through March 3 — could drop a further 11%.” Verbraken said that if the global economy suffered only short-term pain, the market could bounce back. However, a hit to long-term growth trajectory which would also impact corporate earnings due to the pandemic could be felt over a much longer horizon.
Degenerate trump's great economy. Only he and his administration could F it up this badly! Handed a gift and look what happens.
This is really terrible
Trump has taken all credit for the gains when he had nothing to do with it , but you won’t find his cantered ass as it falls , and his handling of virus putting Pence in charge and censoring CDC is partly to blame !
EyanMziki the down trend continues.
Hopefully feds will cut rates again.
Yesterdays bump was the Biden Bump but today's fall is coronavirus?
Or they won't. And if they do they'll go back up. Just another reminder though not to put money in the stock market that you'll need in less then 3-5 years.
🙈 I can't bear to watch!
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