www.varchev.com

Markets rebound as investors took solace in emergency stimulus by China’s government

U.S. stock futures rebounded as investors took solace in emergency stimulus by China’s government, speculating it would calm two weeks of volatility in global markets spurred by the coronavirus outbreak.

Over the weekend, China’s central bank said it will supply a net $21.7 billion to money markets while advising banks to lend more in an effort to limit the market influence of coronavirus, which has killed more than 300 people in the country and infected over 14,000.

Anxiety the outbreak will lay low an already fragile global economy has shattered four months of tranquility in U.S. stocks, doubling and tripling the size of daily swings in the S&P 500 and drowning out a solid earnings season. Stellar results from Apple Inc., and Amazon.com Inc. last week could do nothing to cushion markets and equities ended with back-to-back weekly losses for the first time since October.


 Trader Georgi Bozhidarov


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance