Risk appetite improved after the Fed’s bold efforts to bolster local governments and small and mid-sized businesses.
Category: Features
Optimism that the coronavirus crisis was slowing faded, increasing investor concerns over the economic impact of the pandemic, while dollar prevails.
Investors moved back into riskier assets on hopes that lockdowns may be slowing the spread of the coronavirus in some countries.
The US death toll, now at more than 9,600, was rapidly closing in on Italy and Spain, the countries with the most fatalities to date.
The March US jobs report comes out later today marking the dawn of the post-outbreak labor market and a clearer picture of the coronavirus economic hit.