Investors could be forgiven for thinking that nowhere is an immediately appealing prospect for investment right now, least of all Europe.
The disruption to the global economy from the worldwide spread of the coronavirus is the biggest shock to the world since the Second World War.
Ten questions with... Canaccord's Richard Champion
Being selective key to weather the storm
'Demand collapsing because it must'
The bull/bear debate in credit markets in 2020, is whether we face an early 1980s-type bear market or a 2008 valuation scenario.
The Big Question on coronavirus
Last Monday, for the first time in its history, the US Federal Reserve announced a liquidity programme that includes buying corporate debt.
Investment opportunities on the horizon
Preparing for volatility before market calms down