FRESH DATA POINTS TO HELP GAUGE THE IMPACT OF GLOBAL LOCKDOWN The concluded OPEC+ oil supply agreement is similar in substance to that outlined last Thursday. According to the official…
read moreDATA REVEALS THE DEGREE OF GLOBAL ECONOMIC WEAKNESS IN MARCH During the week, the JP Morgan Global Composite PMI was released, showing a fall to 39.4 in March, the second…
read moreA DECADE-LONG ECONOMIC CYCLE COMES TO AN ABRUPT END It is no doubt that the global economy is going through a period of recession, due to the coronavirus’ overwhelming impact. In…
read moreTHE FED DEPLOYS TARGETED TOOLS, WHILST CAPITOL HILL STALLS Last week saw the Federal Reserve’s (Fed) comprehensive set of measures which were taken to reduce debt service costs, ensure credit…
read moreTHE FED HAS GONE ALL IN ON SUNDAY Despite the positive start of the year, the economic disruption caused by the Covid-19 has most likely led to a significant weakness…
read moreEMERGENCY, PAGING DR. BEAT In her 1984 classic, Gloria Estefan is paging Dr Beat, as she desperately needs ‘to ease the pain’ and is about to ‘go insane.’ This analogy relates…
read moreWILL THE POWELL PUTT STABILISE MARKETS? The rally in US Treasury yields (the 10-year slid to 1.10% by the end of Friday) and the double-digit decline in the S&P 500…
read moreCHINA SNEEZES AND THE WORLD CATCHES A COLD The coronavirus continues to dominate headlines. Although 21 Chinese provinces reported zero new coronavirus cases on the 22nd February, the number of new cases…
read morePMIs MIGHT PROVIDE GUIDANCE ON THE STATE OF THE GLOBAL ECONOMY New cases of the coronavirus rose sharply from Wednesday to Thursday after Chinese authorities changed the criteria for diagnosing…
read morePOLICYMAKERS WILL REMAIN VIGILANT If it was not for the coronavirus, global economic growth would have a promising outlook for 2020. This idea was underpinned by the sustained improvement in…
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