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.
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- 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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