Global stocks plunge as Trump measures on pandemic disappoint
The MSCI all-country world index enters a bear market as European shares hit their lowest in nearly four years
12 March 2020 - 12:26
London — Global stocks plunged into a bear market and oil slumped on Thursday after US President Donald Trump banned travel from Europe to stem the coronavirus spread, threatening more disruption to the world economy.
With the pandemic wreaking havoc on the daily life of millions, investors were also disappointed by the lack of broad measures in Trump’s plan to fight the pathogen, prompting traders to bet on further aggressive easing by the US Federal Reserve...
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