Market Report 10th March 2020

Market Report 10th March 2020 981 980 Realm
Markets are bouncing back a little today following Monday’s dramatic trading.
  • European stocks had their worst fall since 2008. In a bid to try and stop the spread of coronavirus Italy is extending restrictions to a lockdown nationwide and Spain is shutting schools. No such announcements from the U.K. yet.
  • U.S. stocks opened much lower on Monday and a trading halt was briefly triggered.
  • The VIX volatility gauge spiked to its highest level since the global financial crisis.
  • The price of oil plummeted with Crude falling the most in nearly thirty years.
  • Markets are bouncing back a little this morning and are looking to central banks to provide more and substantial stimulus.

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