UPDATE 2-UK's FCA says don't blame short-sellers for market rout [Reuters]
DEUTSCHE BOERSE UNSP/ADR (DBOEY)
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Source: Reuters
EU watchdog says markets must stay open for investors - Reuters 2 Min Read 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. Europe’s STOXX 600 index has fallen to around a seven-year low, with similar declines on Wall Street, raising the prospect of authorities suspending trading to create some breathing space from extreme volatility. “Open markets allow the process of adjusting 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, chair of the European Securities and Markets Authority (ESMA). A group of financial industry trade bodies in Europe and the United States had called on central banks, governments and regulators, including ESMA, in letters on Friday to keep markets open. “We believe a joint
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