Several european stock markets plunge at the opening on Monday morning.
It happens in the wake of a price war in the oil market, which have hammered the prices of oil dramatically down. And it happens at the same time, with an outbreak of coronavirus, which continues to keep the markets in an iron grip.
In the major european countries, the united kingdom and Germany are the shares dropped by around 8 percent at the opening on Monday.
The uk’s FTSE 100 index falling by 8.2 percent and is heading for its worst day since 2008. It writes the british The Guardian.
The German DAX index falling by 8.1 percent. It writes the AFP.
In Norway and Sweden falls shares with respectively 12 and 6 percent.
The Norwegian krone has also weakened more than 3 percent over the Danish ones. Against the u.s. dollar is the Norwegian krone in the weakest level since 1985.
The pan-european Stoxx 600 index fall on Monday morning by 5.7 percent. Hold the case by check to børslukning Monday, will the indices according to Bloomberg News have fallen more than 20 percent from the top. It’s called a ‘bear market’ – or bjørnemarked.
Oil prices have dropped about 25 percent Monday morning, after Saudi Arabia over the weekend has lowered prices and announced plans for a massive produktionsløft in april.
the Move comes after Friday’s collapse of negotiations between the Organization for petroleum exporting Countries (Opec) and Russia on Friday.
Also in Denmark, the shares plummeted.
The benchmark index in Denmark, C25-the index opened Monday morning with a decline of over six percent from the start.
For comparison, the index in its life since 2016 not experienced a dagsfald of more than 3.8 percent.
Since, the market has corrected itself a little, and at half past ten has C25-index lost over five percent of the value, it closed with on Friday.
On the 30-minute trading has the shares lost over 120 billion dollars in market value.
