Growing concerns about the impact of the coronavirus have seen global stocks fall sharply. Fundamentally, the virus is a difficult to quantify risk to economic activity and financial markets have responded accordingly. Bond yields are lower, yield curves are flatter, and cyclical stocks are bearing the relative brunt of the sharply lower stock-market. Unsurprisingly, a sharp fall in stocks is guaranteed to provoke much commentary. The usual flow of market narrative, prediction and advice swells to a flood, as an assortment of commentators feverishly colonise bandwidth and column inches. Most of this commentary begins with the implicit assumption that the…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.