Reuters (June 26)
2020/ 06/ 27 by jd in Global News
“World stocks have been on a rollercoaster ride in the first half of 2020. Having slumped 35% from Feb. 20 to March 23, they are now within 10% of February’s record highs thanks to lashings of fiscal stimulus, interest rates slashed to 0% or below in most major economies, and massive amounts of QE. Borrowing costs for high-grade U.S. companies have in fact fallen below January levels.” The rest of the year could bring more roller coaster. “Much depends on whether another coronavirus wave comes crashing down,”
Tags: Borrowing costs, Fiscal stimulus, High-grade, Interest rates, QE, Rollercoaster, Slashed, Slumped, Stocks, U.S.
