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Efforts to get the global economy back up and running continue to be made, with many now believing the worst of the virus is behind. President Trump was out expressing a strong desire and commitment to get the US economy back up, and the White House is now considering disbanding the coronavirus taskforce as early as later this month. read report
Risk sentiment has been propped up into the new week, as optimism around the coronavirus outlook ticks up. The global death toll rate from the virus dropped yesterday in New York, Italy, France, and Spain, which has been encouraging. This sentiment was also backed up by the US administration. read report
As we get set to close out the week, the trend has been US Dollar off, stocks off. Fallout from the coronavirus has shaken financial markets, and the week’s emergency Fed rate cut has moved yield differentials out of the Buck’s favour. read report
Another big push for risk markets, with US equities rocketing to another record high. This time, the run up has come from the combination of a less stressful outlook for the coronavirus, a strong batch of data out of the US, and China’s latest announcement that it would be rolling back tariffs it imposed on US goods back in September, by around 50%. read report
We’re into the first full week of trading for the year and market participants will get back into the swing needing to contend with this latest escalation in geopolitical risk associated with tension between the US and Iran. Stocks are off as a consequence, while the US Dollar has benefited as well, at least for now. read report
