Financial markets remain on edge over the spread of the novel coronavirus as severe COVID19 restrictions drag the global economy into a deep recession.
Category: Weekly Report
A slowdown in the number of coronavirus-related deaths calmed investor nerves and increased appetite for riskier assets. However, market volatility levels are still very high.
More and more governments have tightened lockdowns and now are planning further actions to support the already damaged global economy.
Central banks have laid out trillions of dollars of support to markets in recent days to keep them from freezing up but still COVID roils the global economy.
Pandemic fears are roiling markets, driving a scramble for safety. The Federal Reserve’s drastic interest rate cut to near zero stoked fears of a coronavirus-driven recession.