New Overnight Developments Abroad - Daily Update
Partial Reversal of Monday’s Extreme Financial Market Moves but Mood Remains Extremely Guarded
March 10, 2020
Today’s rebound in equities and sovereign debt yields looks more like a dead-cat bounce than a trend reversal because the Covid-19 pandemic is still widening, skepticism about policy effectiveness and forcefulness is enormous, and the Saudi-Russian oil war is unsettled. Share prices in the Pacific Rim rose 1.8% in China, 3.1% in Australia, 1.6% in […] More
