“Again sales pressure on Damrak due to virus fear” Financial

Global stock markets plummeted in recent days after the coronavirus had taken hold in Italy and are heading for the worst week since the 2008 financial crisis. However, the European Central Bank (ECB) sees no reason to take action as a result of the virus outbreak. While the ECB is “keeping a close eye on the situation”, President Christine Lagarde says the outbreak does not have a lasting impact on inflation.

The number of infections worldwide stands at over 82,000 and the death toll at 2810. In China, 78,824 people have now been infected with the corona virus. The death toll amounts to 2788 people. According to the Chinese health authority, the number of new infections is at the lowest level in more than a month. According to the World Health Organization (WHO), the fight against corona virus has reached a crucial moment. The organization wants countries to double their commitment to prevent further spread.

ICT Group

ICT Group opened the books in Amsterdam. The company generated more revenue but saw lower profit margins. This was mainly due to a lower productivity in the second half of the year.

The Nikkei in Tokyo entered the weekend 3.7 percent lower on Friday. The Japanese main index lost nearly 10 percent this week. The stock market gauge in Shanghai recorded a 3.4 percent loss in the meantime. The Kospi in Seoul also fell over 3 percent. In South Korea, the number of cases of the new corona virus has exceeded 2000.

Hard down

The European stock markets fell sharply on Thursday. The AEX index lost 3.8 percent at 559.98 points. The main index has already lost more than 9 percent this week. The MidKap dropped 4.9 percent to 871.10 points. London, Paris and Frankfurt fell to 3.5 percent. The stock market in Milan lost 2.7 percent. Wall Street also plummeted. The Dow-Jones index closed 4.4 percent lower at 25,766.64 points. The broad S&P 500 also lost 4.4 percent and the Nasdaq tech fair plummeted 4.6 percent.

The euro was worth $ 1.1000 against $ 1.0975 a day earlier. The price of a barrel of American oil fell 3.3 percent to $ 45.55. Brent oil cost 3 percent less at $ 50.60 a barrel.

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