After Today, Everyone’s A Bear Thanks To Oil Shock And ‘Real Pandemic Threat’ [Forbes]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
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Source: Forbes
World markets got hit with a double-whammy on Monday — an oil price war between the Saudis, Russians and Americans. And half of Italy’s economy put on lockdown. What’s next? How about a worsening coronavirus outbreak in Germany, France, the U.K. and the U.S., coupled with oil prices heading into the $20s. The coronavirus cannot be wished away by explaining how millions of people get the flu and tens of thousands die, but nobody stops going on Carnival cruises and is afraid of subway rides because of it. The new coronavirus COVID-19, first discovered in Hubei province China back in December, is a mystery pathogen. It’s sticky. It’s too easy to catch. People who think they just have a common cold and do not seek treatment can very easily pass it to those with weaker immune systems. The mortality rate for this in the epicenter of China is around 4.2%. Italy is scaring the beejeezus out of everyone. It is at risk of being the hub of an epidemic in Europe. New cases of the virus abroad — f
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