Year: 2020

Here is a recap of important news items and market movements from across the globe on Thursday, March 19, 2020:   – The global coronavirus pandemic continues to spread exponentially within Europe and from its epicenter in Europe, with more and more countries imposing lockdowns and restrictions which are causing very […]

The US Dollar was able to keep most of the gains its made overnight though worries over the Coronavirus pandemic have kept market players on edge. On a global basis, the virus has been reported in at least 140 countries, with nearly 200,000 confirmed cases and more than 7,500 deaths. […]

Japanese exports fell for the 15th consecutive month in February, as shipments to the United States and China contracted. The trade balance had a surplus of 1.110 trillion yen, the biggest since September 2007. According to the data released by the Japanese Ministry of Finance, exports fell by 1 percent […]

The United States has enjoyed historically low unemployment rates in recent years, but Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that this situation is likely to crash and burn if a proper stimulus package is not passed. He predicted unemployment rates of up to 20 percent if no […]

Analysts say that the Japanese Yen as a safe haven asset could move lower on signs that global policymakers are prepared to proactively provide economic support. Analysts warn, however, that any confidence in the financial markets is still extremely fragile, and there is certain to be more turbulent days ahead […]

The United Kingdom’s Office for Budget Responsibility, Charlie Bean said on Tuesday that he doesn’t think that a cash rate cut would aid Britain’s economy in the short run, instead, the government should focus on implementing credit measures. During a speech he gave to the British lawmakers in the parliament, […]

In an unprecedented step, global central banks, led by the US Federal Reserve, decided on Sunday to provide monetary incentives to the global economy by enhancing liquidity amid the collapse of global financial markets due to the spread of the Coronavirus, which raises fears of a global recession. The US […]

With millions of people of people forced to stay home around the world, mental depression has a good chance of sneaking its way into the global psyche. But is an economic depression on the way? Analysts have started to bounce around the D-word following dramatic declines on Wall Street and […]

The Federal Reserve’s surprise rate cut on Sunday helped to provide the Pound Sterling with a lift during Monday trade in London, but the Pound still remained under pressure against the common currency Euro. With the growing fallout of the Coronavirus already negatively impacting global economies, a number of key […]

During an emergency meeting, the Bank of Japan decided to ease its monetary policy, as they announced their intention to buy exchange-traded funds “aggressively” and to double the pace of purchases for Japanese real estate trust fund. Besides this, they announced the creation of a new loan program that would […]