February market update – number of coronavirus cases impacted global economy

February market update – number of coronavirus cases impacts global economy

Chris Godding
Published: 10 Mar 2020 Updated: 13 Jun 2022

Global equity markets experienced a sharp sell-off at the end of February linked to fears over the growing number of global coronavirus cases and the expected impact on the global economy. In fact, a number of developed market equity indices experienced their largest weekly losses since the 2008 Global Financial Crisis.

In this edition

  • Global commodity markets were generally weak on expectations of lower demand
  • The traditionally more defensive asset classes, such as core government bonds, outperformed
  • In currency markets, the Japanese yen and US dollar were also notably strong over the month

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This article was previously published on Tilney prior to the launch of Evelyn Partners.