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The European Central Bank announced new stimulus to ease the damage from the virus outbreak. Financial markets kept sliding afterward, with the Stoxx Europe 600 index falling 11.5% in its worst day on record.
Global concern grew that authorities could do little to ease the damage.
A sharp equity sell-off and fears of limited policy room point to weaker demand expectations and tighter financing for feed and livestock supply chains. This risk-off mood tends to pressure commodity prices broadly.
apnews.comDAVID McHUGHMar 12, 2020After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
