Re:U.S. will suspend all travel from Europe for 30 days
by guerrilla on Wednesday March 11, 2020 @09:37PM
(#22552652)
I don't know about the actual economy but finance seems to hate this. Most open market indicators dropped by like 3%...
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Re:U.S. will suspend all travel from Europe for 30 days
by amiga_500 on Wednesday March 11, 2020 @10:11PM
(#22552905)
Equities markets don't like it.
The last couple of weeks have been very profitable for "finance".
Re:U.S. will suspend all travel from Europe for 30 days
by dx034 on Thursday March 12, 2020 @02:56AM
(#22554455)
Uncertainty is the worst for financial markets. And we currently have extreme levels of uncertainty. Economically, it seems likely that we'll see a global recession in the first half of the year. Simply because many companies can't produce as much with travel restrictions in place. If governments step in to help this could recover quite quickly for the second half or latest next year. But no one knows how hard it will hit companies and how quick recovery will be. And until we get first indications, markets will continue to panic.
On the other hand, for long-term investors it doesn't seem like a terrible time to get into the market.
Re:U.S. will suspend all travel from Europe for 30 days
by smt1 on Wednesday March 11, 2020 @10:09PM
(#22552894)
The S&P futures dropped by 5% so far.
Oil and other commodities also took a dump.
Re:U.S. will suspend all travel from Europe for 30 days
by doubleunplussed on Wednesday March 11, 2020 @09:45PM
(#22552725)
After dropping almost 5% today. Yikes.