Weekly Market Outlook
All Week: Coronavirus
The coronavirus-induced volatility on financial markets showed no signs of abating last week. Central banks across the globe took out their heavy ammunition, resorting to multiple rate cuts, large liquidity injections and other unconventional policy measures. Monetary stimulus alone, however, is not enough to support markets. People are now keenly awaiting to see if policymakers hold onto the promised fiscal commitments to support the economies of their respective countries. Any signs of backtracking would surely result in further steep declines on financial markets. Volatility is likely to remain pretty high, as investors see the coronavirus taking its toll across the Old continent, the UK and the US.