Financial Markets Daily Report

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Market sentiment continued to be uneasy and focused on the coronavirus.

Financial markets started the week with one of their rockiest sessions since the 2008 crisis. The oil price war which had started over the weekend and fears over the economic impact of the coronavirus fuelled a sharp jump in risk aversion, leading to large losses in stock markets, sinking sovereign yields and a big widening in risk premia.

Investors traded in a somber mood on Friday due to concerns over the economic impact of the coronavirus.

Financial markets tumbled yesterday amid increasing cases of coronavirus and governments extending quarantines and travel restrictions.

Financial markets recovered mildly from previous sessions amid better-than-expected economic data releases in the U.S. and central banks' easing measures.

In yesterday's session, financial markets were volatile as investors digested news from monetary authorities.

Financial markets' sentiment improved in the first session of the week. Investors perceived that monetary and financial authorities are going to act in order to offset the negative impact that coronavirus can have on the economy.

In the last session of the week, financial markets were in red again as concerns over the coronavirus continued to weigh on investor sentiment.

Concerns over the spread of the coronavirus outside China rattled markets again.

Risk aversion eased in yesterday's session but investors continued to trade cautiously and to monitor developments around the coronavirus outbreak.

Concerns about the spread and the economic impact of the coronavirus rattled markets for a second day in a row (following a rapid increase in cases in countries other than China).

Markets tumbled amid concerns that the coronavirus could spread more widely and take a larger toll on economic activity outside China.