European stock markets crashed …


European stock markets closed with the toughest daily decline in its history after investors reacted to a one-month restriction on European travel to prevent the spread of the new type of coronavirus (Kovid-19), and the European Central Bank (ECB) did not lower interest rates.

At the close, the indicator index Stoxx Europe 600 fell 11.48 percent to 294.93 points, showing the toughest daily decline in its history.

In France, the CAC 40 index decreased by 12.28 percent to 4.044.26 points. In the UK, the FTSE 100 index closed the day at 5.237.48, down 10.87 percent.

The FTSE MIB 30 index fell by 16.92 percent in Italy, which is the country most affected by the Kovid-19 outbreak outside of Asia, and the DAX 30 index in Germany, which has the largest economic economy in Europe, fell 12.24 percent on the day of 9.161. Closed at level 13.

While the shares of travel and entertainment companies decreased by more than 12 percent with hard sales today, the decline in the European banking index was 14.77 percent. Declines in the banking and travel sectors led to declines in other sectors.

On the other hand, while some investors are expecting a 10 basis point interest rate cut from ECB today, it is noteworthy that ECB did not change interest rates and increased the amount of monetary expansion and liquidity support.

As of 20.16, the euro / dollar parity (TSI) decreased by 0.72 percent to 1.119.


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