March market update – coronavirus economic impact spreads across the world

March market update – coronavirus impact spreads across the world

Chris Godding
Published: 08 Apr 2020 Updated: 13 Jun 2022

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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This article was previously published on Tilney prior to the launch of Evelyn Partners.