SNAPSHOT2 min read

Caspar Rock: Monday markets - the week ahead on 24 February

The coronavirus's spread in Italy and South Korea has alarmed markets yet again. Equities are down while safe haven assets, including gold, have risen.



Caspar Rock
Chief Investment Officer
  • Markets are again concerned about the spread of the coronavirus as both Italy and South Korea saw a sharp uptick in in cases.
  • Equity markets have fallen in Asia this morning, and futures are pointing towards a similar fall in Europe and the US later today.
  • Last week's flash February Purchasing Manager's Indices pointed to weakness in the US and a slightly more resilient outcome in the UK and Europe: this was the first data point that could have been impacted by the coronavirus. Markets will be watching closely the surveys that come out over the next few weeks.


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Caspar Rock
Chief Investment Officer


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Cazenove Capital is a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020 and the Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended in the conduct of banking and investment business. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at 40 Esplanade, St. Helier, Jersey JE2 3QB, (No.31076).

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