- Extreme Fed easing measures to soften credit-risk saturated markets
- U.S. futures hit daily up-limit as global stocks surged
- Gold rose for the third day, regaining its previous luster
On Tuesday, U.S. futures for the , and , along with global shares, all rallied from multi-year lows.
Oil pushed higher, the dollar extended a new decline, Treasurys were flat.
Global Financial Affairs
After $26 trillion in value was erased from markets in just over a month, some investors are currently sifting through the wreckage for bargains. There are those who now argue that liquidations are near and will end with real-money investors such as pension funds ready to step in. As well, there are in some of the world’s regions that were hardest hit by COVID-19.
On the other hand, the number of infections globally continues to accelerate and many of the world’s largest economies are grinding to a halt.
Nevertheless, risk appetite returned to markets yesterday, albeit in a limited fashion,…