US trading halted as global shares plunge
Shares plunged after a sharp drop in oil prices hit markets reeling from the coronavirus.
Shares plunged after a sharp drop in oil prices hit markets reeling from the coronavirus. Russ Mould is investment director at AJ Bell, and talks us through what has spooked markets around the world. The Βι¶ΉΤΌΕΔ's Samira Hussein in New York brings us the perspective from the New York Stock Exchange. Ellen Wald is a senior fellow at the Atlantic Council, and author of Saudi Inc, and explains why oil prices fell around 30%, in what is their biggest drop since 1991. And we ask Maartje Wjiffelaars, senior economist at Raboresearch Global Economics and Markets whether all the chaos of recent weeks makes it more likely that some economies are now heading towards recession. Plus our regular workplace commentator, Stephanie Hare, argues that social and economic inequalities mean that not all workers and employers can do what is necessary to slow the spread of coronavirus, be that frequent hand washing or 'social distancing'.
(Picture: A stock market trader. Picture credit: Getty Images.)
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- Mon 9 Mar 2020 22:32GMTΒι¶ΉΤΌΕΔ World Service