CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Global stocks stabilise as governments look to limit economic fallout from COVID-19

Global equities edged higher on Friday as governments and central banks ramp up efforts to limit the economic impact of the coronavirus outbreak.

Global stocks stabilised on Friday after governments and central banks stepped up efforts to limit the spread and the economic impact of COVID-19.

The S&P 500 climbed 3% higher on Friday morning, finding support after suffering its worst day of trading since 1987 on Thursday. The Nasdaq Composite and Dow Jones are also trading 2% higher.

But despite Friday’s gains, the S&P 500 remains on course to suffer its worst week since the 2008 financial crisis.

US stocks and treasury yields were bolstered by after the Federal Reserve announcing it would buy $37 billion worth of bonds and President Donald Trump gearing up to declare a national emergency to combat the spread of the coronavirus.

European equities fight back

European stocks also found support on Friday after the Bank of England, European Central Bank and the German government acted to shore up financial markets and protect their respective economies from the COVID-19 outbreak

The FTSE 100, CAC 40 and DAX all closed higher on Friday. However, all three indices fell by more than 14% over the course of this week.

Looking to trade global stocks and other asset classes? Open a live or demo account with IG.

In China, the SSE Composite Index and Hong Kong’s Hang Seng closed 1% lower on Friday, with the pair down 4% this week. In response, China’s central bank said it would inject $79 billion to help its economy weather the fallout from the coronavirus outbreak.

Even though global equities have stabilised on Friday, the reprieve is likely to be brief however, with market volatility expected continue next week as coronavirus cases continue to rise around the world putting added strain on businesses.

You can go long or short various asset classes with IG using derivatives like CFDs.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.