S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are yet to open but went into the weekend down around 3% after the ASX 200 closed up 0.70% to 4,816.6 last Friday.
With case numbers and deaths increasing at high rates across the world including Italy which had nearly 800 deaths in a single day, the world is in a dark place.
But the saying goes, it is always darkest before the dawn.
Last week, Microsoft Corporation (NASDAQ:MSFT) co-founder Bill Gates said a potential shutdown of the US could last between 6 to 10 weeks if all goes well.
Last Friday, the S&P 500 Index (INDEX:. INX) closed at 2,304.92, −104.47 or down 4.34% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 6,879.52, −271.06 or down 3.79%.
[VIDEO] Morning Report - Investors brace for further ASX declines on Mondayhttps://t.co/oUQkN0hHBx#ausbiz
— CommSec (@CommSec) March 22, 2020