Powell and Mnuchin

Monday’s Equity Rally Not Sustained Amid Both Upbeat and Worrisome Developments

May 19, 2020

Pacific Rim stock markets extended Monday’s stock market rally, but share prices subsequently turned lower in Europe and U.S. stock futures. Markets closed up 2.3% in South Korea, 1.8% in Australia, 1.9% in Hong Kong, 1.7% in Singapore, 1.5% in Japan and 0.8% in China. But there are losses of 2.1% in Spain, 1.6% in […] More

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