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2020-03-24 14:25:00

EUROPEAN SHARES UP

EUROPEAN SHARES UP

REUTERS - MARCH 24, 2020 - European shares attempted another rebound on Tuesday as a fresh wave of monetary and fiscal stimulus halted a global selloff in equity markets, but growing evidence of the economic damage from the coronavirus pandemic kept investors on edge.

In a co-ordinated global effort to stabilize financial markets in one of the biggest routs on record, Germany launched a stimulus package of up to 750 billion euros, while the U.S. Federal Reserve took unprecedented steps to shore up credit across the economy.

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Tags: EUROPE
Chronicle:
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