With stock prices gyrating every day to coronavirus related developments, the weekend must come as a relief.

Here's a look at how deep the impact has been felt in the global financial markets:

1. Stock markets worldwide saw sharp losses on Thursday, with the benchmark indices on Wall Street and London saw their steepest daily falls since the Black Monday in 1987.
2. In the US, stocks witnessed a sharp sell-off on Thursday.
   • Thursday's dive follows the intense fall on Wall Street seen throughout the week. The S&P 500 triggered the first circuit breaker of the week on Monday after falling 7%. This fall came after the crash in crude oil prices.
   • The markets bounced back Tuesday, only to retreat on Wednesday after the World Health Organization (WHO) declared the coronavirus a pandemic.
   • At the closing bell, the Dow Jones Industrial Average finished down around 2,350 points (down 10%). The S&P 500 plunged 9.5%, while the Nasdaq Composite Index tumbled 9.4%.
   • Stocks were deep in the red the entire session, which was paused for 15 minutes early in the day. Automatic suspension was triggered after the S&P 500's losses hit 7%.
   • On Thursday, equities erased their losses briefly after the US Federal Reserve announced measures to inject an additional US$ 1.5 trillion in cash into financial markets. The announcement, which came after European markets had closed, sent shares higher, but they dropped back by the end of the day.
3. Coming to the European markets now, the main UK index dropped more than 10% yesterday in its worst day crash since 1987. Losses on the UK's FTSE 100 wiped some 160.4 billion pounds in wealth from the market.
4. Frankfurt had its worst day since 1989, the year the Berlin Wall fell, while Paris suffered its biggest one-day loss on record.
5. However, European stock markets rallied this morning. The signs of a US stimulus package helped soothe fears about an economic shock. At the time of writing, European indices were trading mixed. Shares in London were up 4.1%, while the Paris CAC gained 3.5%. However, the Frankfurt DAX crashed 9.3%.
6. Stocks in Asia also saw consistent sharp falls throughout the week. Japan's benchmark Nikkei 225 index closed 6.1% lower today.
7. Shanghai was down around 1% as the number of new cases in China shrunk and people slowly returned to work in the worst-hit areas.
8. In Asia, circuit breakers were also triggered in many exchanges including India, Japan, South Korea, Indonesia, Thailand, and the Philippines this week.
9. Indian share markets saw their biggest ever single day fall this week. The indices today hit their lower circuit limits within 15 minutes of the opening session. This was seen the first time in 12 years that trading in Indian markets had to be halted. The carnage didn't continue, however, as Indian indices recovered after major free-fall as trading resumed after 45-minute halt.
   
   From there on, it was an upward rally as markets went on to witness buying interest and saw their biggest intraday recovery ever.
10. On a year-to-date (YTD) basis, the worst fall has been witnessed by European markets. Here's a view on how the world markets have performed since January 2020.

US Markets			European Markets			Asian Markets
The Dow	Nasdaq	S&P 500	London	Paris	Germany	Hang Seng	Nikkei 225	Shanghai	Sensex
-27%	-21%	-24%	-31%	-33%	-32%	-16%	-25%	-6%	-17%

This worldwide crash has put March 2020 into the history books. Now, how markets perform in the coming days will be something to watch out.



This article (Worst Week for Global Stock Markets: Coronavirus Impact in 10 Points) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


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With the Coronavirus lockdown being the only pressing issue one can think of right now, one can have a constant fear of contracting the deadly virus and taking precautions to protect oneself from it. The pandemic can even takeover one’s thoughts to an extend that it feels that even asteroids are wearing face masks.

A 1.5 km wide asteroid, which is almost half the size of Mount Everest is set to fly by Earth next week, and its shape has already generated curiosity among netizens. The Arecibo Observatory in Puerto Rico tweeted about the asteroid saying that it looks like it wearing a face mask. The observatory also shared a picture of the asteroid it snapped recently. The team researching about the asteroid in the observatory has been wearing the protective masks while at work as a precaution for the Coronavirus pandemic. They have likening the asteroid’s appearance to themselves in the hilarious tweet.

“#TeamRadar and the @NAICobservatory staff are taking the proper safety measures as we continue observations. This week we have been observing near-Earth asteroid 1998 OR2, which looks like it's wearing a mask! It's at least 1.5 km across and is passing 16 lunar distances away!” read the tweet. The team also shared pictures of their members wear masks and posing against the picture of the asteroid.

#TeamRadar and the @NAICobservatory staff are taking the proper safety measures as we continue observations. This week we have been observing near-Earth asteroid 1998 OR2, which looks like it's wearing a mask! It's at least 1.5 km across and is passing 16 lunar distances away! pic.twitter.com/X2mQJCT2Qg

— Arecibo Radar (@AreciboRadar) April 18, 2020

In a statement to CNN, Anne Virkki, head of the planetary radar at the Observatory said that the small-scale topographic features of the asteroid such as the hills and ridges are 'fascinating scientifically'. "But since we are all thinking about Covid-19, these features make it look like 1998 OR2 remembered to wear a mask," she added.

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J.B.CHEMICALS share price has hit a 52-week high at Rs 625 (up 2.0%).

Meanwhile, the BSE 500 Index is at 12,146 (up 1.7%).

Among the top gainers in the BSE 500 Index today are J.B.CHEMICALS (up 2.0%) and ICICI SECURITIES LTD (up 10.5%).

CYIENT (down 5.6%) and RELIANCE CAPITAL (down 5.0%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 625, registering a gain of Rs 294 (up 87.64%).

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 435.7%), ABBOTT INDIA (up 145.8%) and NAVIN FLUORINE (up 122.8%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%). The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). DR. REDDYS LAB (up 4.1%) and INDIABULLS HOU. FIN. (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,277 to 32,089, registering a gain of -6,188 points (up -16.4%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.0x.

This article (J.B.CHEMICALS at 52 Week High; BSE 500 Index Up 2.0% ) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

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Qualification: Aviation, Bachelor of Arts (B.A), Bachelor of Business Administration (B.B.A), Bachelor Of Computer Application (B.C.A), Bachelor of Commerce (B.Com), Bachelor of Education (B.Ed), Bachelor in Hotel Management (B.H.M), Bachelor of Science (B.Sc), 12th Class (XII), Masters....

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Wages in the United Kingdom increased 2.80 percent in February of 2020 over the same month in the previous year. Wage Growth in the United Kingdom averaged 2.88 percent from 2001 until 2020, reaching an all time high of 6.70 percent in February of 2007 and a record low of -2.70 percent in March of 2009. In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses. This page provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Canada increased 3.70 percent in February of 2020 over the same month in the previous year. Wage Growth in Canada averaged 2.26 percent from 1992 until 2020, reaching an all time high of 5.50 percent in September of 2005 and a record low of -0.40 percent in May of 2001. In Canada, average weekly earnings (including overtime) refers to the gross taxable payroll (including overtime) divided by the number of employees. It is calculated for all types of employees. In general, changes in weekly earnings reflect a number of factors, including wage growth; changes in the composition of employment by industry, occupation and level of job experience; and average hours worked per week. This page provides - Canada Average Weekly Earnings YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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Wages in Manufacturing in Ireland increased to 905.14 EUR/Week in the fourth quarter of 2019 from 862.30 EUR/Week in the third quarter of 2019. Wages in Manufacturing in Ireland averaged 435.85 EUR/Week from 1973 until 2019, reaching an all time high of 912.38 EUR/Week in the first quarter of 2019 and a record low of 37.03 EUR/Week in the third quarter of 1973. In Ireland, Average Weekly Earnings in Manufacturing are total earnings for the quarter in the manufacturing sector divided by the average number of persons employed during the quarter divided by 13 (number of weeks in a quarter). This page provides - Ireland Average Weekly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Manufacturing in the United Kingdom increased to 621 GBP/Week in February from 620 GBP/Week in January of 2020. Wages in Manufacturing in the United Kingdom averaged 497.40 GBP/Week from 2000 until 2020, reaching an all time high of 622 GBP/Week in November of 2019 and a record low of 356 GBP/Week in February of 2000. This page provides - United Kingdom Average Weekly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Australia increased to 719.20 AUD/week in 2018 from 694.90 AUD/week in 2017. Minimum Wages in Australia averaged 615.17 AUD/week from 2007 until 2018, reaching an all time high of 719.20 AUD/week in 2018 and a record low of 522.12 AUD/week in 2007. This page provides - Australia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Australia increased to 1257 AUD/Week in the fourth quarter of 2019 from 1237.90 AUD/Week in the second quarter of 2019. Wages in Australia averaged 528.99 AUD/Week from 1969 until 2019, reaching an all time high of 1257 AUD/Week in the fourth quarter of 2019 and a record low of 59.10 AUD/Week in the third quarter of 1969. In Australia, wages are benchmarked using average weekly earnings. This page provides - Australia Average Weekly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Ireland increased to 783.62 EUR/Week in the fourth quarter of 2019 from 768.14 EUR/Week in the third quarter of 2019. Wages in Ireland averaged 711.29 EUR/Week from 2008 until 2019, reaching an all time high of 783.62 EUR/Week in the fourth quarter of 2019 and a record low of 676.58 EUR/Week in the third quarter of 2014. In Ireland, Average Weekly Earnings are total earnings for the quarter divided by the average number of persons employed during the quarter divided by 13 (number of weeks in a quarter). This page provides - Ireland Average Weekly Earnings- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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Average Weekly Hours in Ireland decreased to 32.40 in the fourth quarter of 2019 from 32.60 in the third quarter of 2019. Average Weekly Hours in Ireland averaged 31.98 from 2008 until 2019, reaching an all time high of 32.80 in the second quarter of 2008 and a record low of 30.90 in the first quarter of 2011. This page provides - Ireland Average Weekly Paid Hours- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average Weekly Hours in the United Kingdom decreased to 31.80 Hours in January from 31.90 Hours in December of 2019. Average Weekly Hours in the United Kingdom averaged 32.35 Hours from 1992 until 2020, reaching an all time high of 33.50 Hours in November of 1994 and a record low of 31.30 Hours in April of 2011. In the UK, average weekly hours refer to the total weekly hours worked divided by the employees paid for those hours, including full time and part time employees. This page provides - United Kingdom Average Weekly Hours- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average Weekly Hours in the United States increased to 34.20 Hours in April from 34.10 Hours in March of 2020. Average Weekly Hours in the United States averaged 34.35 Hours from 2006 until 2020, reaching an all time high of 34.60 Hours in August of 2014 and a record low of 33.70 Hours in June of 2009. Average weekly hours are the total weekly hours divided by the employees paid for those hours. Unpaid absenteeism, labor turnover, part-time work, and stoppages cause average weekly hours to be lower than scheduled hours of work for an establishment. This page provides - United States Average Weekly Hours - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Greece 3 Month Bond Yield was 0.55 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Greece 13 Weeks Bill Yield reached an all time high of 56.20 in November of 2011.

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