On March 10, the Dow Jones Industrial Average, NASDAQ Composite and S&P 500 closed 4.9%, while the stock markets in Asia and the Pacific closed and closed the European stock markets. The Central Bank of Russia announced a repo auction of $ 400 billion (or $ 7 billion) and increased its currency exchange operating limit to $ 5 billion. While the Bank of Indonesia made purchases on the open government bond market and the Indonesian finance minister announced Sri Mulyani a tax-related incentive. Australian Prime Minister Scott Morrison announced $ 2.4 billion in government spending on pandemic countermeasures.
The Central Bank of Brazil auctioned $ 610 million in foreign currency, while the President of the Central Bank of Brazil, Roberto Campos Neto, formally requested the legal authority to implement a quantitative easing program of the Brazilian National Congress. Malaysian Prime Minister Muhyiddin Yassin announced a tax incentive package RM 250 billion ($ 57 billion). The creditworthiness of the South African government was reduced by Moody’s to Ba1 (the highest degree of non-investment). The Central Bank of Russia announced a $ 150 billion ($ 1.92 billion) credit program for small and medium-sized businesses. Sveriges Riksbank announced that it would make kr 20 billion ($ 2.01 billion) in purchases in the open covered bond market.
On March 25, the Asia-Pacific and Europe stock markets closed, while the NASDAQ Composite closed, as did the S&P 500 and Dow Jones Industrial Average . USA At 10 and 30 years of age, they fell to 0.79% and 1.33%, respectively. The US Senate unanimously approved the $ 2.2 trillion tax incentive package presented the week before by Senate majority leader Mitch McConnell. Heads of government in nine eurozone countries called for the issue of crown bonds. The Reserve Bank of New Zealand announced NZ $ 250 million ($ 146 million) in purchases on the open government bond market as part of its quantitative easing program. On Monday, February 24, 2020, the Dow Jones Industrial Average and FTSE 100 fell by more than 3% when the spread of the weekend coronavirus outbreak deteriorated significantly outside of China.
President Trump responded to the collapse by defending his travel ban and predicting that the stock market would eventually recover with the intervention of the central bank. On March 4, the Asian-Pacific and European stock markets continued to rise mainly (with KOSPI only 2%) while the S&P 500 increased by 4.2%, NASDAQ Composite increased by 3.8% and the Dow Jones Industrial Average returned the loss from the previous day back by increasing by 1,173 points (or 4.5%). The Bank of England announced that it would cut its night rate by 15 basis AP News points to 0.1% and increase its open market purchases by £ 200 billion to a total of £ 645 billion, while Danmarks Nationalbank increased its deposit rate by 15 basis points to -0.60%. The Central Bank of the Republic of China cut its bank interest rate by 25 basis points to 1,125%. After reducing its redemption rate by 25 basis points on January 16, the Reserve Bank of South Africa announced that it would reduce its redemption rate by another 100 basis points to 5.25%. Bank Indonesia also lowered its redemption rate by 25 basis points to 4.50%.
Canadian Prime Minister Justin Trudeau announced that the government of Canada was preparing a fiscal stimulus program, and Canadian Finance Minister Bill Morneau stated that it would include a C $ 10 billion commercial credit line. The Bank of Canada announced an additional 50 basis point reduction at the night rate. The People’s Bank of China has announced that it would cut its reserve requirement by 50 to 100 basis points from the current 12.5%, freeing up $ 79 billion in money. The Bank of Japan announced ¥ 200 billion (or $ 1.9 billion) in purchases on the open government bond market. On March 13, European stock markets closed mainly, while the stock markets in Asia and the Pacific closed mainly (except S& # 38; P / ASX 200, which increased by 4.4%) while the Dow Jones Industrial Average, NASDAQ Composite and S&P 500 increased by more than 9% .
Bank Indonesia announced purchases on the open market of Rp4 billion (or $ 276.53 million) in government bonds, while the governor of Bank Indonesia, Perry Warjiyo, stated that since late January, purchases of government bonds on the Indonesian Bank’s open market had risen to Rp 130 trillion and Rp 110 trillion. Despite refusing to lower its deposit rate, the European Central Bank increased its asset purchases by € 120 billion (or $ 135 billion), while the Federal Reserve announced $ 1.5 billion in open market purchases. Australian Prime Minister Scott Morrison announced a tax incentive package of A $ 17.6 billion. The Reserve Bank of India announced that it would hold a six-month exchange rate of $ 2 billion in US dollars, while the Reserve Bank of Australia announced $ 8.8 billion in government bond purchases. The Central Bank of Brazil has auctioned $ 1.78 billion in foreign currency. The day after trading, US stocks recovered some of the losses that occurred on Monday, by more than 4%.
As for reports of virus spread in South Korea, Italy and Iran have also increased investor fears, leading to massive sales in the Asia-Pacific stock markets and in Europeans.
February 21, Scholarships around the world closed the day (with the Dow Jones Industrial Average, The NASDAQ Composite, and S& # 38; P 500 closing in the week) as oil prices fell and revenues from US Treasury bills. USA At 10 and 30 years of age, they fell to 1.45% and 1.89%, respectively (with the end of 30 years as the historical minimum). On March 26, the stock markets in Asia and the Pacific ended with mixed closures, while European stock markets closed upwards, and the Dow Jones Industrial Average, NASDAQ Composite and S&P 500 increased by 6% (and the Dow completed the largest three-day increase since 1931). USA At 10 and 30 years old they rose slightly to 0.80% and 1.37% respectively. At a virtual summit, the Heads of State or Government of the European Union disagreed to issue crown bonds.
The NIFTY 50 on the Indian National Stock Exchange decreased by 7.89% to over 20% below the most recent peak, while the SENSEX for BSE on the Bombay Stock Exchange decreased by 2,919 (or 8.18%) to 32,778. The reference stock index on the Johannesburg Stock Exchange decreased by 9.3%. MERVAL on the Buenos Aires stock exchange fell 9.5% to 19.5% in the week.