The coronavirus situation is developing rapidly. Italy is in lockdown, confirmed cases are rising across the rest of Europe and the US, and there is a huge global effort to contain the virus. On Thursday last week, European shares suffered their biggest one-day plunge since 1987. Panic appears to have gripped markets.
However, as with any market scenario, we are focused on the drivers of long-term growth and we block out short-term ‘noise’. When we do, we are starting to see opportunities to judiciously put our money to work in several high-quality European businesses.
Panic-selling creates opportunities in Europe: https://t.co/PYypvODwnF
— Market Briefings (@MarketBriefings) March 19, 2020