European shares end sharply lower on the day on global growth concerns

Coronavirus hurting major indices

European major indices are ending sharply lower on the back of global growth concerns as a result of the coronavirus.  The provisional closes are showing:
  • German DAX, -2.6%
  • France’s CAC, -2.7%
  • UK’s FTSE 100, -2.32%
  • Spain’s Ibex, -1.9%
  • Italy’s FTSE MIB -2.2%

In the European debt markets, yields are ending sharply lower with Italy leading the way after regional elections turned back attempts from Salvini’s attempt to bring national politics more to the right (and away from the EU).  Investors flocked into the Italian debt instruments.

European yields are sharply lower with Italy leading the way

In other markets as European/London traders look to exit are showing:
  • spot gold up $10.70 or 0.68% $1582.25
  • WTI crude oil futures are down $1.56 4-2.86% at $52.64. That is off the low $52.13.  Brent crude oil futures are down $1.77 or 2.9% at $58.93. It’s low reached $58.50