• Traders work during the closing bell at the New York Stock Exchange (NYSE) on Wall Street in New York City. AFP
    Traders work during the closing bell at the New York Stock Exchange (NYSE) on Wall Street in New York City. AFP
  • An Investor looks at the screen at the Dubai International Financial Market in Dubai. Reuters
    An Investor looks at the screen at the Dubai International Financial Market in Dubai. Reuters
  • Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. AFP
    Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. AFP
  • An Investor looks at the screen at the Dubai International Financial Market in Dubai, United Arab Emirates. Reuters
    An Investor looks at the screen at the Dubai International Financial Market in Dubai, United Arab Emirates. Reuters
  • Porter Raul Rodriguez disinfects a railing at the New York Stock Exchange amid coronavirus fears. AP Photo
    Porter Raul Rodriguez disinfects a railing at the New York Stock Exchange amid coronavirus fears. AP Photo
  • Mask-clad pedestrians walk past a quotation board displaying the share price index of the Tokyo Stock Exchange in Tokyo. AFP
    Mask-clad pedestrians walk past a quotation board displaying the share price index of the Tokyo Stock Exchange in Tokyo. AFP
  • People wearing protective face masks, following an outbreak of the coronavirus, are reflected in a screen displaying NASDAQ movements outside a brokerage in Tokyo, Japan. Reuters
    People wearing protective face masks, following an outbreak of the coronavirus, are reflected in a screen displaying NASDAQ movements outside a brokerage in Tokyo, Japan. Reuters
  • An electronic display showing stocks is seen at the Australian Stock Exchange in Sydney, Australia. Getty Images
    An electronic display showing stocks is seen at the Australian Stock Exchange in Sydney, Australia. Getty Images
  • Investors are seen at the Dubai International Financial Market in Dubai, UAE. Reuters
    Investors are seen at the Dubai International Financial Market in Dubai, UAE. Reuters

Markets

Markets rebound: stocks surge across the world as oil rises - as it happened

Follow our latest updates as we track the economic effects of the outbreak

Ian Oxborrow
Ian Oxborrow

March 10, 2020

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Stock markets across the world recorded huge losses on Monday as crude oil prices experienced their biggest losses since 1991. Gulf markets were badly hit, with two-day losses of about $400bn.

However, oil prices recovered on Tuesday and stock markets from the Far East to the Gulf also gained. Follow our live updates below. Meanwhile, you can follow our coronavirus live blog here.

Main stories: • Oil rebounds a little after worst decline in nearly three decades

• Saudi Aramco to boost April production to 12.3m bpd

Markets