Stock markets on both sides of the Atlantic retreated Friday as investors banked profits from the week’s rally sparked by massive government and central bank action to protect economies from the coronavirus. “European markets have pulled back… with caution being the order of the day after such a good rally,” said Neil Wilson, chief market analyst at trading group Markets.com. “Stimulus efforts have calmed markets” this week, Wilson said. Earlier, Asian stock markets had mostly managed to record more gains. Dan Skelly at Morgan Stanley Wealth Management said stocks, after being clobbered in recent weeks, were now showing signs of bottoming out.

Source: Pakistan Today March 28, 2020 04:32 UTC