|16 March, 2020

Monday Outlook: Stocks reel as Fed leads global rescue effort for markets

Dollar pares losses; S&P 500 futures limit down; oil prices slip

Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell of the trading session in New York, U.S., March 13, 2020.

Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell of the trading session in New York, U.S., March 13, 2020.

Reuters/Lucas Jackson

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Stocks reel as Fed leads global rescue effort for markets
Fed cuts rates to 0-0.25% in emergency move

Dollar dumped after Fed cut, ball in BOJ's court for next coronavirus move
Central banks rushing to restore confidence in markets

Oil slides again, squeezed between coronavirus demand hit and price war bite
Emergency U.S. Fed rate cut fails to tame market tensions

Gold jumps as emergency Fed rate cut weighs on dollar, equities
U.S. gold futures rose 2.4% to $1,553.30 per ounce


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