Posts Tagged ‘global equity markets’

Week in Review: Minister Mboweni Delivers a Grim Assessment of SA’s Finances

On Wednesday, South African Finance Minister Tito Mboweni delivered a grim assessment of the nation’s finances in a special Supplementary Budget Review (SBR) that forecasts a deep South African recession and plunging tax revenues as a result of the Covid-19 outbreak and subsequent lockdown measures. Gross domestic product (GDP) is forecast to shrink by 7.2%…

Read More

Week in Review: Central Banks Take Coordinated Action

Financial markets endured another week of extreme volatility as the number of coronavirus cases globally continues to rise. The social-economic trade-off of social distancing adopted by most countries across the globe will significantly impact global economic growth and employment in the first half of this year. To counteract this, major central banks and governments around…

Read More

Week in Review: Virus Emergency

Global equity markets finished sharply lower over the week after the World Health Organization declared the coronavirus (“COVID-19”) a global pandemic. The declines pushed the major indexes well into bear market territory with the onset being the fastest in history and the Dow suffering its worst daily decline since 1987. The Cboe Volatility Index (VIX)…

Read More

Week in Review: Central Banks Respond to the Coronavirus Outbreak

Major stock market indexes ended the week mixed as extraordinary volatility driven by COVID-19 fears continues. Possible policy responses from the U.S. and other governments to the COVID-19 outbreak took centre stage this week. G-7 finance ministers and central-bank governors met on Tuesday, pledging to use “all appropriate policy tools” to safeguard the global economy…

Read More

Week in Review: Coronavirus Sparks Market Correction

Coronavirus panic has sent world equity markets into correction (a correction is a 10 percent drop in stocks from their most recent peak) territory. While the rate of reported cases in China slowed and Chinese companies that were shuttered in February started to reopen, the headlines that the virus is spreading at an increased rate…

Read More

Week in Review: Coronavirus Fears Escalate

Growing concerns about the economic impact of the coronavirus dominated headlines this week. Global equity markets and cyclical sectors underperformed whilst bonds rallied. As the outbreak continues to escalate, the World Health Organization has declared it a public-health emergency of international concern, but said restrictions on commerce weren’t necessary and that it had confidence in…

Read More