One view which is bullish. I'm sure there are contrary views17 Mar 2020 09:35
Neil Wilson, chief market analyst at Markets.com, said: "The fiscal put is coming - Japan, France, Australia, NZ et al are starting to respond with bigger spending measures to counter the effects of the virus. The UK is beefing up its response after the Budget's £30bn offer was considered to be short of the mark, whilst the market enjoyed a small bounce overnight as Donald Trump was said to urge lawmakers to adopt his approach to open the spending spigots. The monetary measures are in place, the fiscal response is slowly getting there.
"All we need now is for the virus to peak and all the ingredients for an epic market rally are in place - the unknown is the virus and the economic damage, but equity markets are currently well priced for a sizeable hit to the global economy. Until then epic volatility remains our companion."