China's People's Daily (state media) – China's Hubei Province will resume the inbound and outbound operations of railway stations outside of Wuhan starting Wednesday. Hubei, and especially capital city Wuhan, is far from normal, But, small steps.
South Korea reports 100 more cases of COVID-19 and 6 more deaths
Total cases at 9,137 – Death toll is 126 ForexLive
AUD/USD reclaims 0.6000 as US stimulus agreement boosts risk sentiment
Risk pushes higher as a bipartisan agreement in reached in Washington ForexLive The market reaction so far has been more positive with risk trades jumping across the board, as we see US futures pare earlier losses while risk currencies are pushing higher as well.
US stimulus agreement has approximately $50 billion for airlines – sources
Bloomberg with the headlines, citing sources familiar with the deal – The stimulus bill is to be worth more than $2 trillion ForexLive The amount for airlines syncs up with what was already at the start of last week. So far, there is no text for the agreement just yet as things are still being […]
Mitch McConnell: At last, we have a deal
Senate majority leader, Mitch McConnell, speaks – Measures will send direct cheques to households – Will deliver historic relief to mainstream America – Will pass legislation "later today" Again, reaching a bipartisan agreement on the matter is great but it to be done. This is something that the market expects an
Mnuchin says Trump will 'absolutely' sign stimulus bill if it passes both the Senate and House
I think that goes without saying but you never know for sure ForexLive Any last-minute hiccups is going to be a major dent for risk and market confidence, not that the reaction to the agreement so far has been overwhelmingly positive anyway.
Nikkei 225 closes higher by 8.04% at 19,546.63
Three solid days of gains on the trot for the Nikkei ForexLive The Nikkei closes at its highs for the day as equities are getting a boost from the US reaching a stimulus deal to combat the economic fallout from the virus outbreak.
US futures keep lower to start the day
S&P 500 futures fall to its lows for the day, down by 2% The S&P 500 index had a monstrous run yesterday where it posted a gain of over 9%, with the Dow also gaining by over 11% – its largest percentage jump since 1933.
PBOC in talks to cut bank deposit rate to savers – report
FT reports on the matter This will mark the first cut on the deposit rate since 2015. The full report can be found . here ForexLive
White House, Democrats reach bipartisan agreement on virus stimulus plan
Touchdown, finally Bloomberg is reporting that a deal has been reached with Senate Democrats and Republicans on a $2 trillion stimulus plan to respond to the economic fallout from the virus outbreak, citing two people familiar with the matter.