The world’s financial markets collapsed

On March 12, stock markets experienced a record drop in quotations. The leading American indexes lost 9.5–10 %, European ones fell by 12-17 %, and Russian ones fell by 8.3-11 %. For the first time in four years, the dollar exchange rate reached 75.5 rubles, and the Euro exchange rate exceeded 84 rubles. Investors are responding to the threat of isolation due to the spread of the coronavirus.

On Thursday, March 12, trading on us exchanges led to a rapid drop in quotations and the renewal of multi-year lows. Continue reading →