Month: March 2020

Jeremy Siegel, a professor of finance at the University of Pennsylvania’s Wharton School of Business, expressing some optimism Monday about the outlook for a stock market that may be starting to reassert a bullish stance after a punishing month. During a phone interview on CNBC, the professor said he thinks […]

These indicators suggest a stock-market bottom, but coronavirus fears could send the S&P 500 swooning again. U.S. stocks rallied with an impressive rebound in the past week as the Federal Reserve and Congress have delivered unprecedented fiscal and monetary stimulus aimed at dampening the blow the coronavirus epidemic has dealt […]

As G20 leaders met over teleconference, they agreed to inject $5 trillion into the global economy in order to fight the coronavirus pandemic. Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from […]

The US Dollar was lower versus the Japanese yen and Euro during London trade on Thursday as FX traders await today’s release of US unemployment benefit claims. Analysts believe that the numbers to be released will have increased exponentially as US businesses lay off their workers due to the Coronavirus […]

According to the French official statistics agency (INSEE), economic activity and household spending in France is currently at about 65 percent of the usual activity levels due to the coronavirus epidemic. Regarding the future, they foresee a reduction of economic activity by 12 percentage points this quarter and a yearly […]

Data out in the United Kingdom on Thursday showed that British retail sales did not grow at all in February, ending the month with the weakest performance since 2013. The decline in sales came even before the novel coronavirus forced business shutdowns which further battered the region’s economy. After sales […]

Catch up on the Forex market and global news with our recap for March 26, 2020 here. – The global coronavirus pandemic continues to increase exponentially from its epicenter in Europe and the U.S.A, with more and more countries imposing severe restrictions which are causing very significant economic damage. A […]

According to sources, the head of the European Central Bank Christine Lagarde asked the European Union finance ministers on Tuesday evening to consider issuing bonds to face the effects of the coronavirus outbreak. “She said that we should seriously think about it, next to the use of the ESM (bailout […]

The US Dollar was broadly lower for a third straight day during London trade on Wednesday as the latest stopgap measures has been tentatively agreed to by the US Senate and is scheduled for a vote later in the day. That deal is worth about $2 trillion and promises to […]

Despite measures from the U.S. government to bailout the country’s economy, the U.S. dollar still shows potential for significant volatility in the coming days, as traders vacillate between favoring the greenback and shedding the dollar in favor of safer assets. Traders dumped the dollar on Tuesday after the Federal Reserve […]