Markets rally as US reaches deal on $2trn Covid-19 stimulus package – business live

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Rolling coverage of the latest economic and financial news

With shares up sharply this week, some investors will be wondering if they should ‘buy the dip’ before it’s too late.

Well, we certainly don’t do investment advice here! But Emiel van den Heiligenberg, head of asset allocation at Legal & General Investment Management, has to make such calls… and he advises caution.

I hope that everyone’s families, friends and businesses are weathering these difficult times well. Health is such a precious thing and it is all too easy for us to take it for granted, so in that respect the coronavirus is a jolt for us all as individuals as well as for global economies and markets.

As central bankers and governments unveil increasingly powerful measures to mitigate the economic and financial impact of the coronavirus outbreak, many investors are asking: is now the time to buy the dip in equities?

The FTSE 100 is still rising — up 140 points or nearly 3%. That lifts it to its highest level since Friday 13 March.

That was the day after the worst session since 1987 (the index plunged over 10% in a thoroughly scary Thursday).

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