Says the Federal Reserve is not out of ammunition Earlier: Fed's Kashkari says the US will have (an at least mild) recession More: – To avoid more mass layoffs and address growing unemployment, small businesses should have access to government loans that would be forgiven if the businesses retained their workers,
US equity index futures are no longer limit down
Emini US equity futures opened and plunged to limit down within minutes, but have now come back from those losses – Still down more than 3% – But not 5% and locked down. US President Trump's press conference is over.
ECB's De Guindos says the EU should consider Eurobonds for coronavirus.
Luis de Guindos is Vice-President of the European Central Bank. Meanwhile, EUR/USD is losing ground, as are other currencies against the dollar ForexLive
Fed's Kashkari says the US will have (an at least mild) recession
Kashkari being interviewed on US 60 Minutes show … that headline seems a pretty obvious statement Interview is a taped one (from Thursday). – Says Fed will ensure banks have enough cash to meet demands
BOJ steps in with 800bn yen of repo operations offered
JGBs – BOJ offering an injection of liquidity ForexLive
PBOC sets USD/ CNY reference rate for today at 7.0940 (vs. yesterday at 7.1052)
People's Bank of China ForexLive
ECB's Visco: ECB will do whatever it takes to ensure good functioning of financial markets
Comments by ECB governing council member, Ignazio Visco – Greater coordination among European countries will allow everyone to come out of the virus crisis all together and with lower costs ForexLive
RBNZ starts NSD 30B QE, financial taps turned on, country goes into self-isolation
<p>RBNZ announced today to launch a NZD 30B Large Scale Asset Purchase (LASP) program of government bonds. The purchases will be “across a range of maturities” in the secondary market over the next 12 months. It aims to “provide further support to the economy, build confidence, and keep interest rates on government bonds low
Australia enters lockdown as coronavirus cases surge
<p>Australian government is starting lockdown measures as coronavirus spread accelerates in the country. Non-essential services, including indoor sporting venues, pubs, cinemas, bars and places of worship will be closed from midday Monday. A total of 1642 confirmed cases are reported in the country now, with 669 in New South Wales, 355 in Vi
South Korea reports lowest new coronavirus cases since peak
<p>A piece of good news regarding the coronavirus pandemic is that South Korea on Monday reported its lowest number of new cases since the peak on February 29. The KCDC said there were only 64 new confirmed cases, taking the tally to 8961. Death toll rose by 1 to 110. The number of deaths stay […]