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WTID - How The Coronavirus Is Trickling Down Plus Energy Signals
UBS AG London Branch ZC SP ETRACS REDEEM 04/01/2047 USD 25 - Leveraged Inverse
The coronavirus is yet to be contained and its impact on the global economy not fully understood. Cases in South Korea, Iran and largely-spared Beijing have been reported. Supply chains are disrupted unevenly among firms. Oil demand is reduced. The Fed is "actively monitoring the situation and ongoing implications." The U.S. stock market has reacted accordingly today to the continued uncertainty. The "P" word has yet to be officially used by authorities.
Both Japan and Germany report direct impacts to their economies from the virus. Procter & Gamble (PG) CFO Jon Moeller stated