Markets regained steam as traders pinned their hopes on other central banks following the US example and cutting interest rates.
Investors initially balked at the Federal Reserve's shock move on Tuesday to make the first emergency cut to rates since the financial crisis.
The measure was intended to combat the effects of the rapidly spreading coronavirus and stimulate the economy.
US stock markets climbed, with the Dow Jones adding 3.1 per cent, or almost 800 points, and the Nasdaq and daftar agen domino 99 S&P 500 rising almost 3 per cent
But it 'raised more questions than answers', CMC Markets' chief market analysts Mike Hewson said, because it made people question what the Fed was seeing that traders weren't.
But the Bank of Canada followed suit yesterday, and markets in Europe climbed as expectations rose that the Bank of England and European Central Bank could do the same.
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US stock markets climbed, with the Dow Jones adding 3.1 per cent, or almost 800 points, and the Nasdaq and S&P 500 rising almost 3 per cent.
Wall Street was also buoyed by former vice-president Joe Biden making sweeping gains in the so-called 'Super Tuesday' vote, which is the biggest day for presidential primaries for the US Democratic party.
The disappointing result for Bernie Sanders, who is seen by many investors as a hostile candidate for download pkv dominoqq markets, boosted traders' moods.
MARKET REPORT: Shares bounce back as central banks cut interest rates
por Ian Easterby (22/10/2020)
Markets regained steam as traders pinned their hopes on other central banks following the US example and cutting interest rates.Investors initially balked at the Federal Reserve's shock move on Tuesday to make the first emergency cut to rates since the financial crisis.
The measure was intended to combat the effects of the rapidly spreading coronavirus and stimulate the economy.
US stock markets climbed, with the Dow Jones adding 3.1 per cent, or almost 800 points, and the Nasdaq and daftar agen domino 99 S&P 500 rising almost 3 per cent
But it 'raised more questions than answers', CMC Markets' chief market analysts Mike Hewson said, because it made people question what the Fed was seeing that traders weren't.
But the Bank of Canada followed suit yesterday, and markets in Europe climbed as expectations rose that the Bank of England and European Central Bank could do the same.
RELATED ARTICLES
Previous
1
Next
Trafford Centre owner Intu could be forced to sell off some... Metro Bank's risk boss Grahame McGirr is ousted just days... Hedge fund tycoon Crispin Odey bets on Sirius bidding war as... A lifeline for small firms crippled by coronavirus: Bank of...
Share this article
Share
12 shares
US stock markets climbed, with the Dow Jones adding 3.1 per cent, or almost 800 points, and the Nasdaq and S&P 500 rising almost 3 per cent.
Wall Street was also buoyed by former vice-president Joe Biden making sweeping gains in the so-called 'Super Tuesday' vote, which is the biggest day for presidential primaries for the US Democratic party.
The disappointing result for Bernie Sanders, who is seen by many investors as a hostile candidate for download pkv dominoqq markets, boosted traders' moods.