Analysts warned any recovery in asset prices could prove short-lived as the economic fallout becomes clear.
"Gains we see across the board remain very fragile as stocks are running on fumes after a month of hefty collapse," Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said in a morning note."And there is more to worry about, as we start seeing the impact of coronavirus outbreak via tangible economic data."
Other commentators pointed to central banks cutting rates and pumping cash into their financial systems, and governments starting to ramp up spending, as reasons for optimism. "All we need now is for the virus to peak and all the ingredients for an epic market rally are in place," Neil Wilson, chief market analyst for Markets.com, said in a morning note."Until then, epic volatility remains our companion."
"Financial markets have been off the rails," Naeem Aslam, senior market analyst at AvaTrade, said in a morning note.European equities reversed early gains. Germany's
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I'm trying to conjure sympathy but am unable to do so. The very people who protected and amplified Trump are now paying the price. Unfortunately, many innocent people will also fall victim to the madman's reign of terror.
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