Globe Advisor
 

April 3, 2020

 
 
Latest market wrap
 
The close: TSX turns negative as recession fears grow
The close: TSX turns negative as recession fears grow
Global stock markets sank on Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply.

 
Investors sought out safe havens in the U.S. dollar and government bonds, pushing U.S. Treasury yields near their lowest in three weeks.

 
U.S. payrolls fell by the largest amount since March 2009, ending a record 113 straight months of job growth. Morgan Stanley said the U.S. economy will shrink 5.5% in 2020, the steepest drop since 1946, with a huge 38% contraction predicted for the second quarter.

 
 
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About This Newsletter
The Globe Advisor: Market Close newsletter provides a breakdown on the markets and stocks on the move for financial advisors. Visit the Globe Advisor section.

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