Key Points
By Tuesday's close, the pan-European Stoxx 600 index had fallen by 23.03% since the turn of the year, its worst first quarter on record but narrowly beating the 23.33% loss posted in the third quarter of 2002. Spain's IBEX 35 experienced the biggest plunge of all the major European indexes, shedding 28.94% to post its worst-ever quarter. Italy's FTSE MIB also had its worst overall quarter on record, tumbling 27.46%., and the nationwide shutdowns it has necessitated, hammer the global economy.index had fallen by 23.03% since the turn of the year, its worst first quarter on record but narrowly beating the 23.33% loss posted in the third quarter of 2002.
Spain's IBEX 35 experienced the biggest plunge of all the major European indexes, shedding 28.94% to post its worst-ever quarter. Italy'sIt is no coincidence that these are the two European countries hit hardest by the coronavirus outbreak. Confirmed cases in Italy now exceed 105,000 with more than 12,400 deaths, while Spain has confirmed more than 95,000 cases and more than 8,400 deaths, according to Johns Hopkins University.
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I know what to expect, bail outs for the rich and a tough shit for everyone else.
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