Global markets are still gripped by worries about the coronavirus | FREE NEWS

Global markets are still gripped by worries about the coronavirus

Asian markets rose, while European and American markets showed mixed dynamics.

Asian financial markets rallied on Wednesday, but European indexes and US futures showed mixed dynamics amid concerns about the spread of the coronavirus.

Japan’s Nikkei soared 8 percent after a solid rally in New York on Tuesday: the Dow Jones added more than 11 percent, its highest daily gain in 87 years. Hong Kong’s Hang Seng index closed up 4 percent, while Shanghai’s SSE added 2 percent.

However, European markets were more subdued on Wednesday, with key indexes in London and Paris adding more than 1 percent, while the key Frankfurt index fell 1 percent.
In New York, Dow futures moved slightly up and down ahead of the opening bell, while S&P 500 futures were down 1 percent.

Strong growth recorded on Tuesday in the US and Europe, and on Wednesday in Asia, is supported by the fact that the us Congress agreed to a large-scale package of economic assistance in the amount of 2 trillion dollars to compensate for the damage from the coronavirus pandemic.

This is the largest public investment in the national economy in the history of the United States.

Uncertainty about the virus and its effects on the economy has been causing market unrest for quite some time, especially over the past month. Financial markets showed a sharp decline, while governments and Central banks around the world were rushing to lower key interest rates and inject additional funds into the economy to support businesses and help consumers.