5 charts showing the impact of coronavirus on markets and commodities
Here are 5 charts showing the impact of the coronavirus on markets and commodities:
Chart 1: S&P 500 Index Performance
The S&P 500 index, a widely followed benchmark of the US stock market, has been severely impacted by the coronavirus outbreak. The index has fallen by over 30% from its peak in February, with the majority of the decline occurring in March.
Source: Yahoo Finance
Chart 2: Oil Prices
The coronavirus outbreak has led to a significant decline in oil prices, as demand for energy has decreased due to reduced economic activity. Brent crude oil prices have fallen by over 60% from their peak in January, with prices currently trading around $30 per barrel.
Source: Bloomberg
Chart 3: Gold Prices
Gold prices have risen sharply in response to the coronavirus outbreak, as investors seek safe-haven assets during times of market volatility. Gold prices have increased by over 10% since the start of the year, with prices currently trading around $1,600 per ounce.
Source: Kitco
Chart 4: Copper Prices
Copper prices, a key indicator of global economic activity, have fallen sharply in response to the coronavirus outbreak. Copper prices have declined by over 20% since the start of the year, with prices currently trading around $2.50 per pound.
Source: Bloomberg
Chart 5: Global Trade Volumes
The coronavirus outbreak has led to a significant decline in global trade volumes, as supply chains have been disrupted and demand for goods has decreased. The World Trade Organization estimates that global trade volumes have fallen by over 10% in the first quarter of 2020, with the decline expected to continue in the second quarter.
Source: World Trade Organization
These charts illustrate the significant impact of the coronavirus outbreak on global markets and commodities. The outbreak has led to a decline in economic activity, reduced demand for energy and other commodities, and increased uncertainty and volatility in financial markets.