This translation has been automatically generated and has not been verified for accuracy.Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose in choppy trade following a landmark deal by OPEC and its allies to cut output.
“The combined OPEC+ and G-20 cuts should set in place a bottoming process for oil prices and significantly limit the tail risk of free-falling into the single digits in our view,” Bank of Singapore, the private banking arm of OCBC, said in a report. Investors are now looking to see if the novel coronavirus pandemic, which has battered global economic growth, will soon peak in the United States and Europe, as had been initially expected.
globeinvestor Why the hell would we be glad these despotic regimes agreed to market manipulation? I for one am ok with .59 litre there's lots of oil and gas.