<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>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>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>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>SNB kept sign deposit rate unchanged at -0.75% today. It noted that coronavirus is posing &#8220;exceptionally large challengers&#8221; for Switzerland, and the expansionary monetary policy is &#8220;more necessary than ever&#8221; for ensuring appropriate monetary conditions. The central bank is &#8220;intervening more

<p>Once again, it seems that emergency fiscal and monetary measures by global governments and central banks couldn’t be cared less by investors. US Congress’ second stimulus package, ECB’s massive EUR 750B pandemic emergency purchase program, RBA’s rate cut and government bond buying, are all shrugged off. Optimism won

<p>ECB’s massive coronavirus pandemic program do have notably impact on peripheral bond markets. In particulars, Italian and Spanish bond yields dropped sharply today, with Italy 10-year yield back below 1.9% currently, Spanish 10-year yield below 0.9%. The boost to other markets is not that apparent though, as European stocks are quick

<p>Asian markets are rather quiet finally as the weekend is coming. Currencies are digesting this week’s sharp moves for now, with mild recovery seen in commodity currencies and Sterling. Dollar and Yen turn slightly softer. But for the week, the greenback remains strongest, followed by Yen and Swiss Franc. Sterling is the weakest, foll

<p>The financial markets are generally staying in consolidative mode today. Global stocks managed to reverse some of this week’s loss. in the currency markets, Dollar pares back some of recent gains while commodity currencies recover. Though, these moves are generally seen as profit-taking and position adjust ahead of the weekend. There

<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 […