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Tuesday, 03 March 2020 19:31

Markets rebound after last week's dive

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Financial markets bounced back on Monday, buoyed by hopes that central banks will intervene to protect markets from the impact of the coronavirus. As quoted by BBC.com ( 03/3 )  the Dow Jones surged 5.1%, ending nearly 1,300 points higher, after more modest gains in Europe. Stock markets in Asia were broadly higher for the second day in a row on Tuesday.The rebound followed the worst weekly performance for major stock markets since the 2008 financial crisis. Investors have been worried about the impact of the coronavirus as it spreads outside of China. The outbreak has led to travel restrictions, manufacturing shortages and reduced shopper demand in some countries. Australia's central bank has cut interest rates to record lows, in what is expected to be the first in a spate of stimulus measures around the world to fight the economic impact of the coronavirus outbreak//BBC.com

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