11 Mar 2020

Global markets still unsteady after 'Black Monday'

From Morning Report, 7:11 am on 11 March 2020

Global stock markets remain unsteady after the huge falls yesterday.

Markets in London, Paris, Frankfurt and Amsterdam surged by more than three per cent in early trading and earlier, Asian markets also rebounded.

The Dow jumped 3.3 percent. The S&P 500 rose 2.9 percent and the Nasdaq was up 2.7 percent on early trading Oil prices have risen by more than eight per cent, following a thirty per cent fall.

Yesterday President Donald Trump said he will be meeting with Senate and House Republicans to discuss "a possible tax relief measure" that would provide "a timely and effective response to the coronavirus".

Michael Mackenzie is a markets editor at the Financial Times and speaks to Corin Dann.