Market Overview, March 19

The ECB and the US House of Representatives came up with rescue plans for their respective economies.

Economic News
2020年3月19日

The financial markets today awoke to another difficult day, marred by the ongoing coronavirus pandemic and its heavy damage to the global economy.

The word “recession” is on everyone’s mind and the markets continue to reflect this pessimistic sentiment. Stock indices are still on the downside in the United States, Europe, and Asia.

Risk aversion on the markets also remains high. Investor interest is focused on safe haven assets, among which the US dollar is the most popular at the moment. Thus, the USD is growing in value.

In the United States, the government finally passed a bill that will allocate $500 billion to handling the Covid-19 crisis. The virus is spreading quite fast in the United States, where the lack of enough testing kits and limited healthcare facilities have been among the chief pressures at this time. The new funds might help purchase more health supplies and open make-shift clinics for the growing number of patients.

Today we expect the latest jobless claims report from the United States, the first since the coronavirus arrived in North America. The report will serve as a touchstone for how bad the economic situation has become since Covid-19.

The European Central Bank, after initially failing to meet investors’ expectations about rate cuts, today revealed a massive bond-buying plan which will help increase liquidity in the eurozone and support it through the crisis.

Anna Sneider

Economic News

Market Overview, March 18

Market pessimism persists.

Anna Sneider
2020年3月18日

Economic News

Market Overview, March 17

The world trembles in the face of the global pandemic.

Anna Sneider
2020年3月16日

Economic News

Market Overview, March 16

Stocks crash lower while central banks take action against the pandemic.

Anna Sneider
2020年3月16日