Ian Crowther
The Latest
-
Coronavirus market chaos: if central bankers fail to shore up confidence, then what?
Market confidence is weak and asset prices are very unstable – witness the latest rebounds on Tuesday March 10 after sharp declines the day before. Many stock markets are down by around 20% from January peaks, while oil has been destabilised by the price war between the Saudis and Russians. Market confidence is weak and asset prices are very unstable – witness the latest rebounds on Tuesday March 10 after sharp declines the day before. Many stock markets are down by around 20% from January peaks, while oil has been destabilised by the price war between the Saudis and Russians.