Pandemic fears rock equities, make new issuance difficult

By Sam Kerr
24 Feb 2020

Heavy losses on European stock markets on Monday monring, in reaction to the spread of the Covid-19 coronavirus, have cast a cloud over what had been expected to be a busy week for new transactions in the equity capital markets.

The FTSE 100 was down 3% just after midday UK time on Monday, while the German DAX was down by 3.7% and the Euro Stoxx 50 had fallen 3.5%.

US markets also opened lower. The S&P 500 had fallen by 1%, the Dow Jones by 0.8% and the ...

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