Market update - test

Markets slumped to record lows as the European Commission delayed its intention to sign into law a bill allowing the European Central Bank to bankroll $1.3tn worth of businesses in dire financial straits. 

As the pandemic exploded, investors rushed away from equities and into more secure gold and government bonds.

The sharp turn in investment led to the worst performance of equities since 1987.

As investors hoarded the US currency, the Fed tried to incentivise others to continue to believe in the rapid comeback of beleaguered companies by injecting $2.4bn into private markets via government lending schemes.

Analysts worry that the funds will be quickly absorbed into the markets but not deliver the results intended of rescuing out-of-breath smaller economic actors.

As jobless data emerged and showed the tip of what could be a much more remarkable downtick in numbers, analysts expect the aforementioned downturn to speed up and appear in the next quarter.