Investing.com - Wall Street is set to plunge at the open Monday as investors fled risk assets for safety on more evidence the Covid-19 coronavirus is far from being contained globally.
were down 0.8%, indicating a fall of 80 points at the open. are looking at a plunge of 730 points, off 2.5% and fell 2.7%, indicating a drop of 255 points when trading begins.
Worries snowballed over the weekend as the numbers of cases of Covid-19 jumped in Italy, South Korea and Iran. Authorities in Italy imposed a quarantine in the north of the country and its benchmark tumbled 4.6%.
Safe havens rallied sharply, as expected, with rising, 2.1%, closing in on $1,700 per ounce and yield tumbling below 1.4% to levels not seen since 2016. Its all-time yield low is 1.32%.