Shares on sale: AEX falls 7.5 percent, Shell -21 percent. The AEX index started the week with a huge loss. Shortly after opening, the Amsterdam stock exchange was 7.5 percent lower at 492 points. The biggest loser was Shell. That fund fell nearly 22 percent

For the panic on the stock market are two main reasons: the #economische consequences of the #coronavirus and the dramatic fall in oil prices. Since the major economic crisis of 2008, we have not seen this kind of extreme price results. The trading day has also begun dramatically in other places in Europe. The stock markets in Paris and Frankfurt opened with losses of around 8 percent.
Rabobank economists expect the measures to push Italy into a recession. And that creates a lot of fear in the stock markets. “If Italy must close, who follows?” , exhibitor Hans de Geus asks himself. “The consequences can be huge.”

Saudi Arabia drops oil prices by 30 percent
Oil Saudi Arabia is turning the oil tap open and lowering oil prices to punish Russia. As a result of the conflict and the fear of corona, all European stock exchanges plummeted considerably. Russia refused to reduce its production during consultations with oil-producing countries this weekend. The sharp fall in prices on Monday might force the Russians to return to the negotiating table.

Has the new economic crisis begun?