US and European stocks rise after central banks intervene again
US stocks gain ground after volatile session, while the dollar surges
19 March 2020 - 19:35
Washington — European and US stocks climbed on Thursday, recovering from earlier losses, as central banks worldwide moved to stem a coronavirus-induced financial rout in moves that boosted bonds and provide more access to the dollar.
The US Federal Reserve opened the taps for central banks in nine countries to increase the availability of dollars for contracts made in the US currency in hopes of loosening particularly tight bond markets...
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