Stocks rise as governments throw kitchen sink at virus

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The Bank of England came back with its second interest rate cut within days and unleashed its "biggest ever one-off round of asset purchases," said Kallum Pickering, senior economist at Berenberg.DEEP UNCERTAINTY "We are still in the first inning," said Keith Buchanan, portfolio manager at Globalt. "We just don't know where this is going, there is no precedent and that is what is making the market so hysterical."

The US has recorded 10,755 cases of new coronavirus infection, 154 of them fatal. But authorities expect the number to increase steeply in the coming days because of increased levels of testing after initial delays.

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Philippine stocks plunge nearly 25% after virus trading haltThe Philippine Stock Exchange index suffers a record fall as trade resumes on Thursday, March 19. Not only Philippines but the whole world
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Philippine stocks plunge 24% as trade resumes after virus shutdownMANILA— The Philippine stock market on Thursday crashed 24% to its lowest in more than eight years after trading resumed following a two-day suspension and as the coronavirus pandemic rocked global investor sentiment. The broader stock index opened 12.4% lower, triggering an automatic 15-minute trading halt. It extended this decline to 24% when trade resumed, …
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Local stocks plunge to historic lows but stage modest recoveryThe PSE index took another dive today to settle at the 4,000 level. Here's an update on the Philippine financial markets for March 19, 2020 BusinessRoundup READ MORE:
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