Pandemic fears rock equities, make new issuance difficult
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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