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The Reserve Bank of Australia (RBA) left the cash rate unchanged at a record low of 0.25 percent during its April meeting as the country grapples with the economic fallout from the COVID-19 outbreak.
There’s no shortage of volatility at the start of the week, or over-confidence for that matter, as stock markets jump on some relatively promising numbers in recent days.
Today non-farm employment data will be issued in the United States which is expected that to reflect the full impact of the coronavirus outbreak, especially given that the US
The COVID-19 pandemic outbreak is the biggest crisis the old continent has had to face since Hitler started the second world war. The human and economic toll has reached levels that were unimaginable just a few weeks ago
Global equity edged higher on Monday despite a drop in oil prices to their lowest levels since 2002, as central banks and the United States tried to contain the damage from the rapidly spreading coronavirus that has upended the global economy.
We started this week with a surprising decision by the US Federal Reserve where it announced unprecedented massive economic stimulus programs, along with small and medium-sized companies protection plans to ensure they do not collapse from the Coronavirus outbreak. The US Federal Reserve announced an unlimited asset and bond purchase program to try to reduce the virus impact on the US economy.
The virus pandemic continues to wreak havoc on the global economy and financial markets, with investors monitoring the spread of Covid-19 and hoping for more stimulus measures from central banks and governments worldwide.
With global stocks market collapsing and entire economies going into lockdown, many are wondering how much worse this crisis can get and how long it will last.
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