Fears of a deep downturn are rattling markets despite stimulus packages in US, UK and the eurozone
European stock markets are also under pressure, with the Stoxx 600 index down 3.3% and Germany’s DAX has dropped 4.7%. That’s a disappointment for investors, who saw stocks jump yesterday. But in the current climate, a 4% slide is quite gentle! Neil Wilson of Markets.com says The fact that markets keep shrugging off the stimulus measures reflects the deep uncertainty about the economic damage about to be done.
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