Posted on Apr 1, 2020, 1:44 p.m.Updated on Apr 1, 2020 at 6:42 p.m.
Never had the world’s financial centers started the year so badly. The first quarter ended with declines of more than 20% on Wall Street, 23% in Europe (STOXX 600) and 26.5% in Paris. And this April 1 does not encourage optimism. After the rebound in the past two weeks, it is again red that dominates on the screens of market professionals. The CAC 40 finished down 4.3% to 4,207.24 points, the British Footsie lost 3.83%, the German Dax lost 3.94% and the EuroStoxx 50 dropped 3.83%.
For the CAC 40, the fall is comparable to that of the sovereign debt crisis (-25% in the third quarter of 2011) or of Lehman Brothers (-20% in the last quarter of 2008). But we have to go back to the explosion of the Internet bubble and the 29% drop in the third quarter of 2002 to find a more devastating quarter for companies listed in Paris.
–
