Markets rebounded on Monday after suffering their worst week since the 2008 financial crisis in a bet that central banks will intervene to support a global economy weighed down by the coronavirus.
: Asian markets rebounded on Monday while the rally in European markets fizzled out as investors bet that world governments and central banks would announce stimulus packages to support a global economy impacted by the coronavirus.
A rally on European markets fizzled out mid-morning on Monday with London's FTSE 100 up 0.42% mid-morning on Monday, while the Euro Stoxx 50 was down 0.42%. The Bank of Japan’s governor Haruhiko Kuroda said the central bank would “strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks rebound as investors bet central banks will act over the coronavirusStock futures have plummeted — a sign that the markets may be in for another rough week as fears about the novel coronavirus outbreak continue to mount.
Read more »
Stocks Strengthen Even as Treasury Rally Breaks New GroundThe rally in U.S. government bonds broke fresh ground, with the yield on benchmark 10-year debt briefly falling close to 1% after a week of plunging stocks and escalating bets on interest-rate cuts.
Read more »
Global death toll from novel coronavirus outbreak nears 3,000 as US confirms 2nd fatalityTwo people sickened with the novel coronavirus have died in the United States, as the global death toll from the viral outbreak that began in China nears 3,000.
Read more »
BOJ reassurance on coronavirus bolsters speculation of global policy actionBank of Japan Governor Haruhiko Kuroda said on Monday the central bank will take...
Read more »
OECD slashes 2020 global growth outlook on coronavirus fears - Business InsiderThe coronavirus outbreak is the biggest threat to the global economy since the financial crisis and could halve growth in 2020, OECD warns
Read more »
Just two blue chip European stocks gained last week, for very different reasonsThe Stoxx Europe 600 lost almost 12% last week to post its worst five-day run since the financial crisis in 2008. However, two of the 600 companies listed on the European blue chip benchmark emerged in the black.
Read more »