Daily Market Review: Coronavirus Fast Spreading Raises Recession Fears
Channel: JFD Brokers
Date: 28/02/2020

Daily Market Review by Charalambos Pissouros

Global stock indices continued to collapse, setting the stage for their worst week since the 2008 financial crisis, as the fast spreading of the virus-related disruptions and economic effects are threatening to throw the globe into another recession. Wall Street felt the heat the most, with all three of its major indices tumbling more than 4%. US Treasury yields continued to slide as well, while investors increased bets with regards to additional rate cuts by the Fed.

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