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<p>Italy’s Economy Minister Roberto Gualtieri said the forecasts of -6% GDP contraction this year are “realistic”. Though, he insisted the economy can “aim at a vigorous rebound” after the coronavirus pandemic. Meanwhile, he said a new stimulus package is set to be approved this month. That would be “signif

<p>Eurozone PMI Manufacturing was finalized at 44.5 in March, down from February’s 29.2. Markit noted that coronavirus related shutdowns drove output and orders lower. There was record deterioration in supplier delivery performance. Among the member states, Italy hit 131-month low at 40.3. Greece hit 55-month low at 42.5. France hit 86-

<p>Dollar and Yen are trading as the stronger ones today as risk aversion seems to be coming back as another quarter starts. Commodity currencies are thew weakest ones as led by Canadian Dollar for now. Private job data from the US were not as bad as expected. But just like some other data, the full […]

<p>Across the globe, different countries are taking different approaches to managing their own experiences with the COVID-19 pandemic, running the gamut from the aggressive testing and medical intervention of South Korea to the UK’s brief experiment with continuing “business as usual” in an effort to accelerate “herd immunity.” Of course, the

<p>The outbreak of COVID-19 is the biggest crisis Europe has had to face since the second world war as the human and economic tolls reach levels that were inconceivable just a few weeks ago. Yet, while the euro hasn’t done particularly well during these dark times, it is far from being at the bottom of […]

<p>The ISM manufacturing index fell into contractionary territory in March, coming in at 49.1 from 50.1 in February. The analyst consensus expected a steeper decline in the index (44.5). Declines were broad-based across most sub-indices. Demand was weak as the new orders index fell to its lowest point since the 2008 financial crisis (42.2), a

<p>The dollar index starts Q2 trading in firm tone, up 0.79% since Asian opening and boosted by rising demand for safe-haven dollar. Rising fears of the magnitude of negative impact of coronavirus crisis on global economic growth, keep traders away from riskier assets. Fresh bulls probe again through initial Fibo barrier at 99.62 (23.6% of [&

<p>The opening day of trading for the new quarter is yet to indicate a positive change of weather for global markets, after world stocks concluded the first quarter of 2020 suffering the steepest declines seen since the 2008 global financial crisis. Even with a 20% or more discount available and hanging over a number of […]

<p>A new quarter, same stock market turmoil. US stocks are poised to open sharply lower as Americans brace for a rough two weeks. The death toll is about to skyrocket in the US and risk aversion appears like it will slowly start to wipe away last week’s historic rebound. Last quarter was the worst first […]

<p>Safe to say, it’s been a torrid start to the decade, as evidenced by the Dow’s worst first quarter performance ever, and European stocks are continuing that trend on the first day of Q2. It’s been a much more encouraging week or so in financial markets, with equities around the world rebounding off their lows […]