Blogs

Bank of Indonesia governor, Perry Warjiyo, confirms The Indonesian central bank did say that they have no plan yet to use the funds from the repo line but sees it as a vote of confidence in the domestic economy.

<p>US Treasury Secretary Steven Mnuchin said “there’s extraordinary demand,” on the small business coronavirus loan program. Overall 3000 lenders have already participated in the USD 349B program. If small businesses cant get the loan today or tomorrow, “don’t worry, there will be money”, he said. “We

<p>Japan Prime Minister Shinzo Abe finally declared state of emergency for seven prefectures today. The one-month emergency period starts today on April 7, covering Tokyo, Osaka, Kanagawa, Saitama, Chiba, Hyogo and Fukuoka. Abe said, “According to experts’ calculations, if all of us make efforts to reduce contact between people by

<p>UK Cabinet Office Minister Michael Gove told LBC radio today that Prime Minister Boris Johnson is “not on a ventilator no” in ICU. Nevertheless, “the prime minister has received some oxygen support and he is kept under, of course, close supervision” for coronavirus treatment. Meanwhile, Foreign Secretary Dominic Raa

<p>Global stock market rebound continues today on optimism the world is finally seeing the coronavirus curve flattening. As US futures point to another day of high open, current rebound is starting to look sustainable. In the currency markets, Australian Dollar continues to lead the way higher, followed by New Zealand Dollar. Sterling shrugs

<p>As widely anticipated, RBA left the cash rate unchanged at 0.25% in April. This is following two emergency rate cuts (50 bps in total) a month ago. The central bank pledged to maintain the stimulus measures announced last month for combating the coronavirus pandemic. Aussie gained after the announcement on RBA’s apparently less dovish tone

<p>The euro currency is trading near the support level 1.0787 level. With the Stochastics oscillator moving from the oversold level, we expect the momentum to push prices higher. If the correction persists, then we expect a move towards a test of 1.1030. To the downside, if the support fails near 1.0787, then we expect a […]

<p>Rates: More supply-related underperformance of US Treasuries? A US stock market outperformance and the start of the US Treasury’s mid-month refinancing operation triggered underperformance of US Treasuries vs German Bunds. Risk sentiment is less vibrating this morning, but supply remains at play. European investors await the outcome of a E

<p>Wall Street rallied yesterday as investors remained optimistic about the news that Coronavirus cases were peaking. The Dow Jones, Nasdaq, and S&P rose by more than 7% while the small-cap-heavy Russell 2000 rose by 9%. There are signs that the virus is peaking in Europe, where the daily death rate in several countries like France [&hel

<p>Market movers today The biggest event of the day is the Eurogroup video conference. The finance ministers are expected to discuss three proposals: (1) a common economic response to the COVID-19 hit countries, including using ESM facilities or creating a common debt instrument, (2) a pan-European guarantee fund to increase EIB’s capac