Stocks tumble once again as Morgan Stanley sees U.S. financial growth plunging to 74- year low on coronavirus crisis

I have actually remained in the financial markets for 27 years and I have actually never ever seen anything like this

UBS Australian head of equities circulation George Kanaan

” Additional deterioration in the COVID-19 outbreak is seriously harming the international economy,” Morgan Stanley specialists cautioned on Monday.

Goldman Sachs sent a comparable care and in a taste of the pain to come, E-Mini futures for the S&P 500 dived 3.5 percent and MSCI’s main world stocks index was down 1.6 percent and almost at 4-year lows.

In Asian trade, MSCI’s broadest index of Asia-Pacific shares outside Japan lost 5.4 percent, with New Zealand’s market shedding a record 10 percent at one point as the federal government closed all non-essential business.

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