On Tuesday, the S&P 500 and Euro Stoxx 50 rose by 3.0 per cent and 0.86 per cent, respectively. Meanwhile, the VIX Index fell under 40 per cent, the first time in 30 days.
The International Monetary Fund (IMF) forecast that the global economy would contract by 3 per cent, worse than in 2008, since both advanced economies and emerging markets have been affected by the Covid-19 preventive measures.
In stock markets, the US Ten-Year Treasury bond contracted to 0.74 per cent, while German bond yields were at minus 0.38 per cent. Besides, WTI crude oil price has not increased from $20.80 per barrel.
The dollar index weakened to 98 points, the lowest in 30 days, since the market estimated that Europe countries would recover to operate businesses faster than the US.