Trusted News Discovery Since 2008
One News Page
One News Page > News Videos > STOXX Europe 600 > Global markets bounce after a trying week

Global markets bounce after a trying week

Video Credit: Reuters Studio - Duration: 01:42s - Published
Global markets bounce after a trying week

Global markets bounce after a trying week

Stock markets rebounded from some of their recent huge losses on Friday, pulling further away from three-year lows as central banks and governments pledged masses of cash to reduce the economic impact of the coronavirus pandemic.

Ciara Lee reports


Global markets bounce after a trying week

After a week of violent sell-offs, global shares gained some composure on Friday (March 20).

Asian markets bounced back, marking the end of a week dominated by fears of a deep coronavirus-driven recession.

South Korean shares bounced 7.4%, though that still left them down more than 11% for the week.

Hong Kong markets got a boost as news of zero locally transmitted cases were reported in China for the second day in a row.

Though they still posted weekly losses as worries persisted over economic damage from the outbreak.

In Europe shares jumped for a second straight sessionas a wave of fiscal and monetary stimulus tempted investors back into equity markets.

The pan-European STOXX 600 index was up nearly 5% in early trade and on course to erase the entire week's declines.

Travel and leisure stocks jumped as much as 7% in a surprise move, leading gains among the major European subsectors,while energy firms also added around 7% on the back of a recovery in oil prices.

Bank stocks jumped over 4% from their lowest in three decades after the UK's central bank joined its European peers in suspending stress tests for 2020.

Still, the STOXX 600 was on track for its worst month since October 1987 as the rapidly spreading coronavirus forced several nations into lockdown.

Italian shares lagged other major stock markets as the death toll from COVID-19 in the country overtook that of China where the disease first emerged late last year.

Recent related news from verified sources

Global markets start week on a negative note as coronavirus cases surge

SeekingAlpha - Published

Market Bulls Turn Less Gloomy Amid Signs of Virus Peak in Europe

Few predict anything less than turbulence for global markets in the coming week. But those who think...
Newsmax - Published

You Might Like

Tweets about this

Recent related videos from verified sources

Stock Markets Surge as Infections Approach Peak Levels [Video]

Stock Markets Surge as Infections Approach Peak Levels

US officials have warned this week could be the 'hardest and saddest' of the COVID-19 outbreak. Still, both US and global stock markets soared Monday as investors grasp overseas progress against the..

Credit: Cover Video     Duration: 01:16Published
Coronavirus crash wipes $5 trillion off world stocks [Video]

Coronavirus crash wipes $5 trillion off world stocks

Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis and bringing the wipeout in value terms to $5 trillion. Ciara..

Credit: Rumble     Duration: 01:29Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.