- More companies warn of profit losses
- S&P 500 completes bearish pattern typical of the rally in a bear market
- Oil achieves first weekly gain in a month
- Employment data will be in focus this week
Equities in Europe and the US—including for the , , and —all slumped on Friday, as guidance for upcoming quarters from domestic and multi-national companies continued to auger poorly for future corporate results and the global economy. Along with the still-spreading coronavirus, and the possibility of a renewal in the US-China trade war, these factors point to an increase in market volatility during the coming trading week.
Though the number of new cases of COVID-19 have slowed in some regions, with more than 3,441,000 cases reported around the world and more than 67,000 fatalities in the US alone, the pandemic’s impact is far from over. Plus, President Donald Trump’s effort to not just cast blame on China for the viral outbreak, but to as a way of “retaliating,” is likely to fuel…