Monday, October 05, 2026
Business activity plummets, but markets rally on Fed support
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March 24, 2020 4:03 AM
LONDON (AP) — Europe's economy could shrink by some 10% this year as efforts to contain the spread of the virus outbreak cause a collapse in commercial activity. Yet markets were up sharply on Monday - extending weeks of stunning volatility - as investors digested the extent of the financial support provided by the Federal Reserve this week.
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