On 12 February, Asia-Pacific stock markets closed down whereas European stock markets closed up, whereas the Dow Jones Industrial Average, NASDAQ Composite, and S&P 500 all closed at new record highs. Oil prices rose by 1%, while the yield on 10-year and 30-yr U.S. Treasury securities rose to 1.63% and a couple of.09% respectively.
The Central Bank of Argentina minimize its bank rate by a further 200 foundation points, and after declining to cut its overnight fee on 27 February, the Bank of Korea renewed a foreign money swap settlement with Bank Indonesia. On 6 March, stock markets worldwide closed down (although the Dow Jones Industrial Average, NASDAQ Composite, and S&P 500 closed up on the week). Oil costs fell by 9% (the most important one-day price drop in eleven years), whereas the yields on 10-12 months and 30-year U.S.
Treasury securities elevated to zero.86% and 1.forty five% …