The US economy is now entering recession. Initial jobless claims – a measure of the number of new filings to receive unemployment benefits – rose to 3.283 million for the week ending 21 March.
The global COVID-19 outbreak, and the government-mandated lockdowns that ensued, caused risk assets to drop at an unprecedented pace over the first quarter of 2020.
A summary of the factors driving global markets over the last month.
This weekly update provides a snapshot of changes in the economy and markets and their implications for investors.
Guide to the Markets