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New York Governor Andrew Cuomo said on Friday that all non-essential members of the workforce in New York must stay at home. Market reaction Major equ

<p>The anticipated market stabilization didn&#8217;t happen last week. Instead, despite massive monetary and fiscal stimulus, stocks around the world still ended sharply lower. Nevertheless, as stocks are showing sign of loss of downside momentum. Treasury yield has somewhat stabilized in range. We&#8217;d see that the rock bottom in

The US Dollar has soared as capital spooked by the coronavirus outbreak flooded out of global financial markets and into the most liquid cash on offer. More of the same seems likely.

<p>U.S. Review Shock and Awful Daily life came to a screeching halt this week as governments, businesses and consumers took drastic steps to halt the COVID-19 pandemic. Financial markets seized up as it became clear just how much, and for how long, economic activity could be interrupted. The situation has rapidly progressed beyond being eithe

<p>Measures to stem the spread of COVID-19, while essential to protect the population, have temporarily wiped out demand for services from restaurant meals and entertainment to dental hygiene and child care, taking an immediate heavy toll on Canadian labour markets. While office workers with the ability to work remotely face less disruption,

<p>The rapid ramp-up of containment efforts to combat the spread of COVID-19 in North America has accelerated sharply over the past two weeks. Similar measures in other countries, South Korea and China, for example, appear to be successful at slowing the spread of the virus. The measures undertaken to-date in North America (widespread closure

<p>The Canadian dollar (CAD) has come under heavy pressure over the past few weeks in the wake of dramatic economic and financial developments. Investors flight to safety into $US-denominated assets and the dramatic decline in world oil prices have had a major impact on foreign exchange rates. The CAD reached a low of 68.1 US […]

<p>U.S. Highlights Markets continued to see losses this week as the COVID-19 outbreak intensified. Investors made a dash for cash, resulting in tightening financial conditions. The Fed reacted quickly, cutting the target range of the federal funds rate by a full percentage point to 0% to 0.25% as well as pledging to buy $700 billion […

<p>Last week can be summed up as “the week global governments saved the world economy”, in the wake of the economic fallout of the coronavirus.  Global central banks continued to slash interest rates and provide liquidity through QE and extension of credit lines.  Individual governments stepped up to the plate and passed massive amounts of [&

<p>Next week will bring an ample amount of economic indicators but for the oil market the most serious ones will be information on the spread of the coronavirus. As the number of cases on both sides of the Atlantic are rising and the UK, Europe, and some US states are beginning to lockdown, one way […]