Market comment

Common euro area debt instrument still a step too far


Equity markets closed up on Thursday (March 26th) despite news that US jobless claims surged to 3.3m, or 2% of US employment. Meanwhile, the Bank of England took no further action yesterday, keeping rates on hold. Overnight, the summit of EU leaders broke up with no clear plan for a joint fiscal stimulus, with plans for a joint EU debt instrument once again rebuked by Northern countries.

Download full report with analyst certification and important disclosures

Mar 27 2020, 08:05 GMT