According to a Bloomberg report, HSBC evacuated its research department and part of the trading floor in the London office amid growing concerns over the spread of the coronavirus. This is the first such a decisive move from the major financial institution. In case other banks follow suit, it may have a significant impact on liquidity on the markets. Report exerted additional pressure on European equities and major indices deepened decline on the release.
📈Morning Wrap: Tech Bounce and Oil Price Collapse Following Signals of De-escalation Around Iran
Daily Summary: From Panic to Euphoria. The Market Recoups Losses.
US OPEN: Falling Oil Prices and Dip-Buying Fuel Rebound as Nvidia falls
Market Wrap: Strong Banking Sector, Sharp Drop in Oil