Fear grips investors as global stock markets remain volatile

Pedro Gonçalves
clock • 2 min read

Global stock markets have hit reverse again while the pound is at its lowest level against the dollar in 35 years, raising doubts about governments' ability to contain the economic damage inflicted by the coronavirus outbreak. The US oil benchmark WTI crude closed Wednesday with a 24% drop to $20 a barrel, the third worst day on record. Brent, the international benchmark, dropped about 9% to a 17-year low of $26 a barrel.  The FTSE 100 plunged by just over 4% on Wednesday to 5,080 points - wiping out strong gains seen the day before - despite "unprecedented" measures announced by chan...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?