News

Global markets started the quarter with a sell-off, with the US markets down (S&P 500 index – 4%) after US officials reported covid-19 could kill 100,000 to 240,000 Americans.

The US market, measured by the S&P 500 ends the 1st quarter of 2020 down -20%, making it its worst quarter since the 2008 GFC. The Dow Jones index closed the quarter down -23.2%, its worst since 1987, as the covid-19 pandemic wreaks havoc around the world

The Australian market surged +7% on the back of a massive $130bn government support package. 

30-Mar-20

Despite the Friday dip, US markets were the strongest in 10 years last week as they staged a partial recovery from recent lows after the announcement of a $2 trillion US stimulus package.

weekly 22 march