Pavan Sharma

Global markets rallied strongly overnight with the US market (S&P500) surging +9.4%, on optimism congress is closer to enacting a $2 trillion stimulus bill to prop up the economy as we enter a recession.

We are in a fast-moving and fluid situation with regards to the impact of corona-virus on financial markets.

Global markets largely were up overnight, as the US market (S&P500) climbed +6%, with all sectors up except energy as oil prices (WTI crude) slipped another -3%.

Global markets were down overnight, as the US market (S&P500) fell -5% in another volatile session as the economic fallout from the pandemic outweighed relief packages from major governments and central banks.

Global markets rallied on Friday as volatility continued, with the largest one-day rally in the S&P500 since Oct 2008. Shares in New York rebounded after President Donald Trump unleashed $US50 billion in funds to offset the impact of the coronavirus, prin