panic

Coronavirus panic grips California as anxious shoppers stock up on supplies

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Panic is setting in for residents on the West Coast as California becomes a coronavirus hotspot, Washington state reports the first US death from the virus and Oregon officials announce that an elementary school employee has tested positive for the disease.  Anxious shoppers descended on California supermarkets, stocking up on supplies like bottled water, canned food … Read more

Yes, contagion is ravaging markets but the advice for investors is still DON’T PANIC!

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Readers with a copy of The Hitchhiker’s Guide To The Galaxy might remember the famous travel guide came with DON’T PANIC helpfully printed on its cover.  With financial markets across the world seeing dramatic falls as a result of coronavirus, investors would do well to adopt the same motto. In the early days of the … Read more

Health chiefs urge over-60s to avoid crowds as coronavirus panic spreads

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Everyone aged over 60 is being advised to avoid crowded areas including trains, buses and even supermarkets to prevent catching coronavirus. The drastic warning was issued by the World Health Organisation, which also urged people in this age group to skip routine appointments at doctors’ surgeries and hospitals. While infection is far more likely to … Read more

Investors should ride out coronavirus panic hitting the markets according to experts

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Investors should ‘try to ignore’ coronavirus panic hitting the markets as experts claim it is the worst time to sell shares.  More than £250billion has been wiped off top UK firms this week, as the FTSE 100 drops to its lowest level since July 2016 amid global coronavirus panic.  Emma Wall, of Hargreaves Lansdown, said: … Read more

Asian stock markets plunge overnight with worse to come in coronavirus panic

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Asian markets plummeted overnight, tracking a collapse in New York and Europe as the coronavirus spread rapidly around the world with the WHO warning the deadly epidemic was now at a ‘decisive point’. Tokyo and Jakarta were hammered more than four percent, while Shanghai, Sydney, Seoul and Bangkok tanked more than three percent each. The … Read more

‘Panic mode’: £2.8trillion wiped off global stock markets in 6 days

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‘We are in panic mode’: £2.8trillion is wiped off global stock markets in just 6 days as coronavirus wreaks havoc By Hugo Duncan and James Salmon for the Daily Mail Published: 21:50 GMT, 27 February 2020 | Updated: 21:52 GMT, 27 February 2020 Investors are facing their biggest weekly loss in years as the deadly … Read more

London and European stock markets fall again amid coronavirus panic

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Stock markets across Europe including in London fell for the second day in a row today as fears continued over the economic impact of coronavirus. The FTSE 100 index of leading UK companies had fallen 132 points or 1.85 per cent to 7,024 by late afternoon, after opening up by 0.5 per cent in early … Read more

Italian bus driver with cough sparks coronavirus panic in France

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An unwell coach driver sparked a coronavirus panic at a French bus station today after arriving with virus symptoms from Italy, where six people have now died in Europe’s first major outbreak.  French police impounded the coach in Lyon today after it arrived from Milan with the driver reportedly suffering from a bad cough.  Passengers were … Read more

Coronavirus panic sees FTSE 100 fall 3% to two-month low

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Share prices across Europe including in London plunged this morning as the spread of coronavirus cases outside of China caused chaos on the stock markets. The FTSE 100 fell more than 3 per cent in early trading, with three of Britain’s largest airlines seeing the largest drops as the outbreak continues to spread. Easyjet, TUI, … Read more