Stocks bounce as volatility continues Due to Corona virus | Chronicleplanet.com

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Stocks bounce as volatility continues Due to Corona virus

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Stocks bounce as volatility continues Due to Corona virus

In the US, shares rebounded about 6% after steep falls on Monday.London’s FTSE 100 also jumped 2.7% after being down more than 1% earlier on Tuesday. Other major European markets made similar moves.The US Federal Reserve also said it would use emergency powers to purchase up to $1tn in short-term corporate debt directly from companies, reinstating a funding facility that was created during the 2008 financial crisis


the UK, Chancellor Rishi Sunak announced £330bn in financial

The outgoing head of the Office For Budget Responsibility, Robert Chote, has said a temporary spike in borrowing would be sensible Speaking to the Treasury Select Committee he said it was better to spend a little too much than too little adding: “When the fire is large enough, you just spray water That followed the US Federal Reserve making another emergency rate cut on Sunday, prompting central banks around the world to ease policy in the biggest co-ordinated response since the global financial crisis more than a decade ago


Corona virus impact on Stock market

n the last month, the Dow Jones Industrial Average has racked up the five biggest one-day points falls in its 135-year history. In March alone the index has also seen its four biggest one-day points gains on record Wall Street’s so-called “Fear Gauge” has just topped the levels seen during the financial crisis more than a decade ago. The Chicago Board Options Exchange’s VIX, a measure of stock market volatility, surged by almost 43%, surpassing the level seen in 2008