Euroland is like a train crash in slow motion but short term catalyst is Brexit delay or referendum. GBP has signalled it so
Virus is spreading all over the world.
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Coronavirus: Outbreak spreads in Europe from Italy
35 minutes ago
Several European countries have announced their first coronavirus cases, all apparently linked to the growing outbreak in Italy.
Austria, Croatia and Switzerland said the cases involved people who had been to Italy, as did Algeria in Africa.
The first positive virus test has been recorded in Latin America - a Brazilian resident just returned from Italy.......
But its neighbours have decided closing borders would be "disproportionate".......
https://www.bbc.com/news/world-europe-51638095
Personally, i think one of the true unknowns in the current environment, is the state of the EU banks.
Currently the COVID+Oil are knowns risks. While not in gr8 shape, US and China banking sector are prob fine.
But the EU banks e.g Deutsche have never been truly re-cap'd, and with the likely global recession+continent wide shutdown, it doesnt take much for one of these guys to go under, leading to another to-big-to-fail credit crisis.