Blogs

<p>ECB’s massive EUR 750B Pandemic Emergency Purchase Programme announced overnight won praises from top European politicians. French President Emmanuel Macron said he gives “full support for the exceptional measures taken this evening by the ECB.” He added,”it is now up to us, the European states, to step up to the pl

<p>RBA announces a package of coronavirus response today. Firstly, cash rate is cut by 25bps to 0.25%. Additionally, the central bank will start purchases of government bonds to keep 3 year yield at around 0.25%, starting tomorrow. A three-year funding facility will also be set up to provide credit support to small and medium-sized businesses

<p>Minneapolis Fed President Neel Kashkari &#8220;how the virus progresses is really going to determine what the ultimate economic impact is&#8221;. He&#8217;s rather pessimistic, noting &#8220;it unfortunately could be devastating, like the financial crisis, or potentially even worse.&#8221; Meanwhile, he told the Congres

<p>US Senate passed the second major coronavirus response bill overnight, which include paid sick leave, food assistance and financial help for coronavirus testeing. President Donald Trump quickly signed the measure hourse after the vote. Republican and Democratic leaders are already working on the third proposal. Senate Majority Leader Mitch

<p>In a unexpected move, ECB announced a massive EUR 750B Pandemic Emergency Purchase Programme (PEPP). The temporary program is for countering the “serious risks to monetary policy transmission mechanism” and the economy outlook posed by “outbreak and escalating diffusion” of the coronavirus. Purchases of private and

<p>US commercial crude oil inventories rose 2.0m barrels in the week ending March 13, below expectation 3.5m barrels. At 453.7m barrels, inventories are about 3% below the five year average for this time of year. WTI crude oil break through 27.69/50 key support level today and stays weak after the release. Near term outlook will […]

<p>Canada CPI slowed to 2.2% yoy in February, down from 2.4% yoy, but beat expectation of 2.1% yoy. CPI common was unchanged at 1.8% yoy, matched expectations. CPI median slowed to 2.1% yoy, down from 2.2% yoy, missed expectation of 2.2% yoy. CPI trimmed slowed to 2.0% yoy, down from 2.1% yoy, missed expectation of […]

<p>ECB Executive Board member Isabel Schnabel told German news paper Die Zeit that the central bank is “ready to do everything in its mandate to counter market turmoil that disrupts monetary policy transmission, otherwise monetary policy cannot function,””. But she also cautioned against overestimating the power of central b

<p>Eurozone CPI was finalized at 1.2% yoy in February, slowed from 1.4% yoy. The largest contribution came from services (+0.72%), followed by food, alcohol &#38; tobacco (+0.41%), non-energy industrial goods (+0.13%) and energy (-0.03%). EU27 CPI was finalized at 1.6% yoy, down from 1.7% yoy. The lowest annual rates were registered in It

<p>EU leaders agreed overnight to close the external borders for 30 days to slow the spread of coronavirus pandemic. All non-EU citizens are not allowed to enter EU. But movements within EU are allowed. Also, the restrictions do not apply to medical staff nor goods. The restrictions will take effect as soon as individual governments […