- Outlook for U.S. pandemic death toll could hit 240,000 as NYC fatalities top 1,000.
- European lenders to halt dividends and share buy-backs
- Dow finishes worst quarter since 1987; broader market closes worst three months since 2008.
U.S. futures for the , and all tumbled on Wednesday, along with European shares and almost all Asian indices, as March, overall, came to a close, but coronavirus cases and fatalities escalated around the world. President Donald Trump’s dire warning, delivered yesterday, that the White House was projecting the U.S. could be facing from 100,000 to 240,000 fatalities due to the global pandemic, weighed heavily on markets this morning.
The dollar and gold rebounded. Yields extended their decline.
Global Financial Affairs
Stocks began the first day of the Q2 2020 on a down note, following the worst overall quarter since the crash of 2008. Investors, whose nerves are already frayed, are now considering all the bolsters governments and central banks…