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March market update – coronavirus impact spreads across the world

Chief Investment Officer Chris Godding and Senior Research Analyst Louie French give their commentary on what happened in the markets and global economies over the month of March 2020
Chris Godding
Written by Chris Godding
Published on 08 April 2020

Global equity markets experienced a sharp sell-off in March, as the coronavirus pandemic and fears over its economic impact spread across the world.

 

In this edition

  • There were broad losses across regions and asset classes, with commodity markets notably weaker, as a Saudi-Russia price war sent oil prices to their lowest levels since 2002
  • The traditionally more defensive asset classes, such as gold and core government bonds, outperformed as yields fell to historic lows
  • In currency markets, the Japanese yen and US dollar were also notably strong over the month

 

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