Italy
| Use attributes for filter ! | |
| Provinces | South Tyrol |
|---|---|
| Trentino | |
| Province of Brescia | |
| Capital | Rome |
| Dialing code | +39 |
| Population | 60. 59 million (2017) |
| Points of interest | Colosseum |
| Cathedral of Santa Maria del Fiore | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 405835 |
About Italy
Italy, a European country with a long Mediterranean coastline, has left a powerful mark on Western culture and cuisine. Its capital, Rome, is home to the Vatican as well as landmark art and ancient ruins. Other major cities include Florence, with Renaissance masterpieces such as Michelangelo's "David" and Brunelleschi's Duomo; Venice, the city of canals; and Milan, Italy's fashion capital.
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Global stock markets plunge on coronavirus fears
Global financial markets were some of the sharpest falls in the Year , on the Monday after a surge of coronavirus cases renewed fears about an economic slowdown.
In the U.S., the Dow Jones and S& P 500 posted its sharpest daily declines since 2018, with the Dow 3 to fall. 5% or More Than 1,000 points.
The S& P 500 finished The Day 3. 3% lower, while the Nasdaq 3 fell. 7%.
The UK's FTSE-100 share index closed 3. 3% lower, the largest decline since January of 2016.
In Italy , which has seen Europe's worst outbreak of The Virus , the Milan stock exchange plunged nearly 6%.
In contrast, The Price of gold, which hit as less risky, the highest level in seven years, to a point.
The moves came as the outbreak spread outside China, with Iran, South Korea and Italy report an increase in cases.
Approximately 77,000 people in China, where The Virus emerged last Year , were infected and almost 2,600 died.
Italy , with three more deaths reported on Monday, raising the total to Six .
"There has been so much complacency in the past weeks by investors, despite the clear signs that China's economy is facing a big hit, and supply chains all over The World were interrupted," said Russ Mould , investment director of Aj Bell .
"the markets wobbled in January, but had to slowed down quickly, which means that the investors see, the coronavirus as a serious threat to corporate profits. You can now ask questions about The Situation . "
The losses in the Dow and S& P 500 in the USA exterminated, their profits for the Year . Companies such as Nike, Apple and Walt Disney , the great company in China and rely on you were, were some of the hardest, with shares More Than 4%.
travel company also continues to suffer from. In the UK, the biggest faller in the FTSE 100, EasyJet was decreased to 16. 7%, while Tui and British Airways owner IAG were both More Than 9% at the end.
Analysis :By Samira Hussain, New York business reporter
Wall Street frightened. The Massive falls in US financial markets shows that quite clearly.
But why now?
part of The Answer is found in the balloon ride, the number of confirmed cases in China and elsewhere. Investors worry this could mean a prolonged economic slowdown around The World .
Tech-Juggernaut Apple has already warned, to sweating that a lack of iPhones and other U.S. companies also start. If the impact is so serious, as some investors suspect, it is the longest economic expansion could derail in American history.
this means That there are political implications. US President, Donald Trump has bid a roaring economy a Central part of his re-election. Each shake could make his case for another four years more challenging.
Supply fearsThe market further, such as the company, to warn of the effect of the Corona-Virus that on their supply chains, and General financial health.
Associated British Foods, who warned clothing retailer Primark, on Monday, there could be shortages of some of the lines, if there are delays in the factory extended the production in China, because of virus-related shutdown.
In China itself, officials said, most small businesses have yet to open, after The Authorities extended the Lunar New Year holiday in an attempt to, the spread of The Virus .
Only about three out of 10 small and medium-sized enterprises (SMEs) were back to work, while transport problems prevented workers from travelling and the interruption of supplies of raw materials were industrial-Ministry-spokesman Tian Yulong said.
SMEs Make Up approximately 60% of the Chinese economy.
analysts said the gold price has been a barrier to More Than 10% since the beginning of the Year - could soon be against the $1,700. On Monday, prices rose by More Than 2% at one point, prior to the withdrawal.
"Gold has finally some serious momentum," said Jeffrey Halley, senior market analyst at online trading platform Oanda.
Oil prices fell by over 4% on Monday, as investors locking is concerned about a decline in the demand for temporary work through The Virus .
The Price of Brent crude oil fell More Than $2 to $55. 55 per barrel.
ftse 100, gold, europe economy, coronavirus outbreak, stock markets
Source of news: bbc.com
