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Stock impact report

Oil Stocks Fell 15% On Average In Global Selloff But Opportunists Can Buy Into ‘Coronavirus Discount’ [Forbes]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Forbes
Following a tumultuous 48-hours for the global markets triggered by the jitters over the spread of the coronavirus, stock indices around the world took an absolute hammering. Thursday (February 27) and Friday trading saw declines not seen since the fourth quarter of 2008 and the first quarter of 2009 when the global financial crisis was at its peak. The Vix, which is an indicator of expected volatility in U.S. stocks, is at its highest level since August 2011 and fast approaching an index level of 50, according to Refinitiv In the U.K., the country's blue chip FTSE 100 index fell 11.1% compared to last week wiping £210.3 billion ($270.2 billion) off the value of its constituents closing on Friday at 6580.61 points, down 215.79. The last time the index declined more in a single calendar week was the week ending October 10, 2008, where it declined 14.32%. The selloff also marked the second-largest weekly decline over the last 20 years. Predictably, retail, travel, finance, mining and oi Show less Read more
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