S&P 500, Gold, Oil and Forex Evaluation

S&P 500, Gold, Crude Oil & Foreign exchange Evaluation

• Coronavirus Has Rattled World Monetary Markets
• S&P 500 Usually Sees a Restricted Influence from Virus Outbreaks
• AUD, NZD & CAD Outperformed Throughout SARS, Nevertheless, Macro Tendencies Issues
• Gold Rises on Virus Outbreaks, Oil Slumps

*** Article Initially Printed on January 31, 2020 ***

The outbreak of the Wuhan Coronavirus has rattled monetary markets throughout the globe, though a lot is unknown as as to whether the outbreak will develop to a pandemic and what the scale of the impression might be.

With a view to gauge the potential impression of coronavirus, this text will examine earlier virus outbreaks and developments throughout the S&P 500, main commodities and currencies.

With that stated, we’re cognizant to the truth that China is extra related to the worldwide economic system, contributing a rising proportion to world GDP (~20%) in comparison with 2002-03 (~5%) when SARS broke out. Moreover, the mortality fee of the Coronavirus is materially decrease than SARS at 2-3% vs 9.6%, which has eased issues.