Global stocks slide as traders keep their distance from risky assets

A trader walks past a screen during the closing bell at the New York Stock Exchange on March 17 2020 at Wall Street in New York City. Picture: AFP/JOHANNES EISELE

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.3%, led by a 4.9% fall in Australia while Japan’s Nikkei gained 1.6%. Wild swings in markets imply the capacity of various players, from speculators to brokerages, to absorb risks has been tormented, analysts say. Britain unveiled a £330bn rescue package for businesses threatened with collapse while France is to pump €45bn of crisis measures into its economy to help companies and workers.

“While markets react to positive news on stimulus, that doesn't last long. I think there are a lot of banks and investors whose balance sheet was badly hit and they still have lots of positions to sell,” said Shin-ichiro Kadota, senior currency and rates strategist at Barclays.The damage to markets was apparent in bond markets as well. US Treasuries extended their losses, driving the benchmark 10-year yield to 1.009%. It hit a two-week high of 1.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Global powers throw cash at spiraling coronavirus crisis - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The world’s richest nations prepared more costly measures on Tuesday to combat the coronavirus that has infected tens of thousands of people, triggered social restrictions unseen since World War Two and sent economies spinning toward recession.
Källa: SABC News Online - 🏆 32. / 51 Läs mer »

Business Maverick: Tencent Stock Traders Prep for Wildest Earnings Move in 11 YearsThe value of two of the largest companies on the JSE, Prosus and Naspers, are underpinned by Tencent. But Hong Kong’s equity traders haven’t been this nervous over Tencent Holdings earnings in years.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »