let's bring in michael sheehan is the chief market analyst at c.m.c. markets in london michael marcus was spooked today across asia and europe is that really justified. well certainly i think if you look at the headlines yes there is some justification for the selloff that we've seen in the past couple of days but i would argue against it being particularly nuanced in terms of the fact that ultimately what has really changed from the events of last week we've seen a spike in crude prices we've seen a spike higher in gold prices and equity markets are coming off 2 to 3 year highs so i think there was some profit taking probably likely to happen in the event we've had some headline risk and investors decided to take some profits on the back of the. still big sell off there which sectors will be hardest hit by by this crisis well we see we've seen some evidence of the airline sector getting hit quite hard i think the biggest concern overall that i have is if this office sustained then it could actually impact economic growth because ultimately what we could see i