EU watchdog says markets must stay open for investors

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG2M0J8_L.jpg
© Reuters. A general view shows the German share prize index DAX board during afternoon trading as markets react on the coronavirus disease (COVID-19) at the stock exchange in Frankfurt© Reuters. A general view shows the German share prize index DAX board during afternoon trading as markets react on the coronavirus disease (COVID-19) at the stock exchange in Frankfurt

LONDON (Reuters) – Keeping financial markets open is vital for the economy to function properly during the coronavirus epidemic, Steven Maijoor, chair of the European Union’s markets watchdog, said on Monday.

“Open markets allow the process of adjusting of prices to new information to continue, and they provide liquidity to the benefit of investors by allowing them to rebalance portfolios and meet contractual obligations,” said Maijoor, who heads the European Securities and Markets Authority (ESMA).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.