Oil prices jumped by around 10% a day after the worst day in nearly 30 years as investors eyed the possibility of economic stimulus.
Category: Features
U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost heading into the coronavirus outbreak.
Coronavirus cases continued to spread around the world exacerbating concerns and prompting investors to seek refuge in safe-haven assets.
The U.S. Fed’s surprise 50 basis point interest rate cut came as part of global efforts to contain economic damage from the coronavirus outbreak.
G7 finance officials will on Tuesday discuss how to act in a united front to address the economic fallout from the spreading coronavirus.