17 March 2020
Financial markets experienced another black Monday despite central banks' easing action in advanced economies.
Evolution of the international financial markets and evaluation of the main events and economic indicators of the previous day session. Available in English.
Financial markets experienced another black Monday despite central banks' easing action in advanced economies.
In the last session of the week, financial markets’ sentiment bounced from the previous day plunge and stock indices and sovereign yields rose across the board.
Markets plummeted despite central bank efforts to cushion the economic impact of the coronavirus.
Financial markets extended their slide as the World Health Organization declared the coronavirus outbreak a pandemic, while political assurances to cushion its impact failed to raise investors' sentiment (Angela Merkel pledged to do "whatever is necessary" to bolster the economy while the Trump administration promised a "major" stimulus).
Financial markets started the week with one of their rockiest sessions since the 2008 crisis. The oil price war which had started over the weekend and fears over the economic impact of the coronavirus fuelled a sharp jump in risk aversion, leading to large losses in stock markets, sinking sovereign yields and a big widening in risk premia.
Investors traded in a somber mood on Friday due to concerns over the economic impact of the coronavirus.
Financial markets tumbled yesterday amid increasing cases of coronavirus and governments extending quarantines and travel restrictions.
Financial markets recovered mildly from previous sessions amid better-than-expected economic data releases in the U.S. and central banks' easing measures.
In yesterday's session, financial markets were volatile as investors digested news from monetary authorities.