Global stock markets see wild price swings over virus fears – Gulf Today

Global stock markets see wild price swings over virus fears – Gulf Today

The European Union is ready to use all available policy options if and when needed to safeguard growth.. European stocks kicked off the day with sharp gains, but then abruptly switched direction when the European Union's disease control agency raised its risk level for the novel coronavirus.. But early strength on Wall Street, which rebounded from very sharp losses last week, helped European markets off their worst levels after governments and central banks said they would step in if needed to soften the blow to the economy.. "The EU is ready to use all the available policy options if and when needed to safeguard our growth," EU economics commissioner Paolo Gentiloni told a news conference, saying risks threatened by the outbreak had now materialised.. Global government bond markets benefited from investor money seeking a safe home, as well as expectations of softer monetary policy worldwide..