London — World share markets and oil prices struggled on Tuesday after coronavirus panic caused Wall Street’s worst one-day rout since the Black Monday crash of 1987.
Financial markets cratered on Monday with the S&P 500 tumbling 12%. Emergency central bank rate cuts globally only added to the investor panic. Futures trade still pointed to a positive open in US markets. The S&P 500 e-minis, were up 1%, though earlier they had been up 3.8%. The US Federal Reserve stunned investors with another emergency rate cut on Sunday, prompting other central banks to ease policy in the biggest co-ordinated response since the global financial crisis more than a decade ago.
“I think the priorities of governments around the world will probably move away from economic growth towards containing the virus,” said Jim McCafferty, Nomura’s joint head of Asia-Pacific equity research. “Safety of national citizens might become a bigger priority. But with that they want to keep the economies in a working situation.”
and the cabal and elite are smiling all the way to the stock exchanges!!
ag, lekkaz.
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