Global stocks, oil plunge as Fed virus move fails to ease fears

erve may have reached the limits of its power to fend off recession as the coronavirus spreads.

In joint action coordinated with the European Central Bank, Bank of England, Bank of Japan, Bank of Canada and the Swiss National Bank, the Fed moved to counteract global "dollar funding pressures" according to its boss Jerome Powell. In afternoon trading in Europe, Paris 10.7 percent, Milan 10.9 percent, Madrid 11.3 percent, Frankfurt 9.5 percent and London 7.9 percent.

The scale of the crisis was laid bare by data showing Chinese industrial production for January and February shrank 13.5 percent, the first contraction in around 30 years.

Dow Jones as of 11:26 PST 3-16-2020

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks, oil plunge as Fed virus move fails to ease fearsCentral banks around the world unveil measures to cushion the economic blow of the coronavirus, but equity markets still plunge on Monday, March 16.
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »

Stocks, oil plunge as Fed virus move fails to ease fearsCentral banks around the world unveil measures to cushion the economic blow of the coronavirus, but equity markets still plunge on Monday, March 16.
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »