Equities fall after ECB’s move fails to halt panic
The dollar surges, bonds plunge and markets struggle to find their footing
19 March 2020 - 08:10
Singapore — The dollar surged, bonds plunged and global markets struggled to find their footing on Thursday as the European Central Bank’s latest promise of stimulus provided only brief solace while the world struggles to contain the coronavirus pandemic.
US stock futures fell 2%. The Australian dollar was crushed, falling 3.3% to a more than 17-year low, and Asian markets gave up initial gains made after the ECB had announced a bond-buying programme...
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