World stocks sink as Covid-19 storms the markets
The US economy may shrink 5.5% in 2020, the steepest drop since 1946, with GDP likely declining by more than 7% in the second quarter
03 April 2020 - 11:37
London — European stock markets sank on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day’s gains on hopes of a global supply cut.
With virus-fighting lockdowns raising the risk of a prolonged global downturn, investors continued to seek the safety of the dollar and government bonds, pushing US treasury yields near their lowest in three weeks...
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