Looking at the European economic numbers it is clear that Covid-19 is having a huge affect on the markets.
As a result of these numbers the European Central Bank has followed in the footsteps of the Fed and will buy junk bonds.
Additionally, they will be developing an EU fund which will provide some support for the EU.
To learn more watch AvaTrade’s Chief Market Analyst, Naeem Aslam.
ECB Will Buy Junk Bonds
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