<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 […

<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>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>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>It’s a bit unsure whether emergency policy actions by major central banks are calming the markets, or inducing fears. Fed, RBNZ and BoJ surprise the markets by unscheduled announcements today, with measures to counter the impact of coronavirus pandemic. Fed cut interest rate by -1.00% to 0-0.25%, with restart of QE. RBNZ cut -0.75% t

<p>Fed&#8217;s all-in easing, together with RBNZ and BoJ stimulus, provide no apparent support to market sentiment. Number of coronavirus cases continued to skyrocket, breaking 170,000 level today. More importantly, deaths totals hit 6,680. Selloff intensifies in European session with FTSE, DAX and CAC breaking through Friday&#8217;s

<p>Markets are generally steady so far today. The panic selloff overnight in the US wasn’t carried through to Asia. DOW had another worst day since Black Monday, getting practically no support from Fed’s all-in easing. In the currency markets, major pairs and crosses are staying inside yesterday’s range for now. Yen, Euro an

<p>Focus somewhat turns from stock markets to currencies today. Major global indices are staying in rather tight range today, based on recent volatility. Fiscal and monetary measures from major central banks and governments are providing little support to sentiments, as coronavirus pandemic continues to worsen. Dollar jumps broadly today, fol

<p>Investor sentiments were given only and mild and brief boost by the massive fiscal stimulus of the US. Asian markets quickly reversed initial gains and pessimism over coronavirus pandemic wild likely continue in European markets too. As for currencies, Canadian dollar is currently the weakest one for today, as dragged down by oil prices, f

<p>Neither fiscal nor monetary stimulus is able to provide sustainable support to market so far. Stock markets are back under pressure today despite the massive USD 1T stimulus proposal by the US. Additionally, sentiments are pressured by the sudden spike in Italian treasury yields, and break of a key support level in oil price. Coronavirus [