Markets slump as US Senate deadlocked over Covid-19 stimulus – business live – The Guardian, Theguardian.com
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This latest sell-off is triggered by the news, overnight, that the US Senate failed to approve a massive funding package to combat the impact of coronavirus. A key Senate procedural vote Sunday evening was split – 70 , with Democratic senators refusing to support a package which (they argue) fails to provide enough support for workers who will suffer from the looming recession, while bailing out companies. Leading Democrat Chuck Schumer described the plan as merely a:
Asian markets have suffered heavy losses (again), with (South Korea’s) (Kospi) and Australia’s S & P / ASX losing over 5%, and (China down 3%.(India’s) (stock market has plunged over%, as it starts to implement a lockdown to slow the virus’s spread. David Ingles(@ DavidInglesTV)
recently has been quite bad already but even in this new normal, Monday’s been quite brutal and ugly in Asia. Indian stocks – (%) (European futures -5%) https://t.co/CF8ueoGfle pic.twitter.com/AOf7rJhDpv (March) ,
European markets are going to take a bath too, with the UK FTSE 391 expected to drop by 4%.
Holger Zschaepitz (@ Schuldensuehner) Dax Future plunge> 4%, signal another “nasty” opening as coronavirus shock narrative prevails BUT has pared some earlier losses.
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