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By Carlos Tejada
Global markets showed signs of stabilization on Thursday, a day after Wall Street’s demise sparked remarks about the continued spread of the coronavirus.
European markets opened upwards on Thursday and ranged from profit to loss at the start of negotiations. Most Asian stocks ended up down, albeit moderately, and mainland China’s stocks ended upwards.
Futures markets experienced an additional improvement at the end of the day and predicted that Wall Street would open less than 1% more.
Other markets said there was calm after Wednesday’s fall. Treasury bond prices, which investors have long warned as a position to park cash in difficult times, fell on night trading, which raised yields. Oil prices, which sometimes fall in times of economic doubt, have been mixed.
On Wednesday, investors were frightened by the expansion of infections in Europe and the reversal of stricter containment efforts. Coronavirus also continues to spread in the United States.
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