Coronavirus was first reported by the World Health Organisation (WHO) in December of 2019 after an unknown respiratory illness case appeared in Wuhan, China. On 30th January 2020, the WHO declared a global health emergency, and governments worldwide reacted with emergency response plans that included restricted travel and lockdowns. Scott Morrison, the Prime Minister of Australia, implemented international border restrictions for the first time with the intention to contain the virus.
Why COVID-19 news is important to investors
COVID-19 has dominated news worldwide and headlines and has had a significant impact on global financial markets. At the beginning of the pandemic in March 2020, market screens turned to a sea of red as equities tumbled. The S&P/ASX 200 went into freefall as concerns about the economic damage caused by health implications and lockdowns to businesses filtered through markets.
Today the story for equity markets is very different, with both US and local markets fully recovered from the pandemic lows after massive amounts of fiscal and monetary policy stimulus brought economies back from the brink.
But COVID-19 still will play a significant role in our daily lives for the foreseeable future, and the world has been forever transformed. Whether it is lockdowns, vaccine rollouts or case numbers, COVID-19 news is unavoidable and has a big influence on sentiment, central bank and government policy, economic growth, and ultimately the performance of your investments.
At ausbiz, we keep you updated on the numbers that you need to know. Our experts will keep you informed about the right time to invest, the companies doing it tough and those thriving against the backdrop of the coronavirus pandemic.
Covid news and the global economy
Stay-at-home orders and volatility amid the pandemic have generated significant global market interest for many people worldwide. Whether it's crypto or meme stocks, retail investors and institutions' activity increased in numbers not seen since the global financial crises.
The situation when it comes to coronavirus news can change today. Lockdowns hit businesses hard, so ausbiz keeps investors across the macro environment, international market moves, and the expert opinion to make informed decisions about your portfolio.
Don't play catch-up. Sign-up to ausbiz or download the app for access to the coronavirus news that will impact your investments at your fingertips, anytime and anywhere.
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