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12.03 - Trump shuts down aircraft connection with Europe

11.03.2019

 

Even though we are in the middle in an international crisis at the moment with coronavirus already being proclaimed a pandemic by WHO, we are still watching Trump’s response towards the crisis. After all, no matter how much damage coronavirus has done, we are still in awe how bad the Trump administration is reacting to the situation and how much worse everything becomes after Trump speaks and God forbid acts.

 

For example, last night Trump proclaimed travel ban for Europe, totally stunning the investors and traders around the world. Right now it is impossible to enter the US if you have recently been to Europe, which means that in-Union European citizens can no longer travel to the USA unless they have ben self-quarantined in non-EU countries (with a notable exception of a few airports around the USA).

 

Of course in the present situation it is better to be safe than sorry, but this ban is going to further influence the economy of the EU, which has been hit as it is. “We made a lifesaving move with early action on China. Now we must take the same action with Europe,” Trump said in an address to the nation. “We will not delay.”

 

Yes. Yesterday it was said that because of the spread of the disease and whole countries already shutting down for quarantine. USA is still functioning without quarantine measures even though there are 1281 sick people and 37 already killed by the disease.

 

Here are the change for the day:

 

Topix lost 3.9 percent.

Kospi decreased 3.3 percent.

Shanghai Composite dropped 1.6 percent.

Hang Seng from Hong Kong declined 3.7 percent.

S&P 500 futures lost 3.6 percent.

Euro declined 0.4 percent - $1.1296.

Pound lost 0.9 percent - $1.2815.

Yen surged 0.35 percent – 103.84 per dollar.

Canadian dollar lost 0.6 percent - $1.3786.

Tesla decreased 1.7 percent - $634.23.

Apple declined 3.5 percent - $275.43.

Facebook lost 4.5 percent – $170.24.

Amazon dropped 3.75 percent – $1820.86 per share.

Google is lower by 5 percent - $1210.9.

WTI lost 5.3 percent - $31.36 per barrel.

Brent decreased 5 percent - $33.99 per barrel.

Gold advanced 0.1 percent - $1635.63 per ounce.

Silver shed 1 percent - $16.56 per ounce.

Platinum lost 0.2 percent – $861.95.

Palladium lost 4 percent - $2212.55 per ounce.