For 2008, investors expect guidance on when to get back on board

LONDON (Reuters) – Investment banks are dedicating models from the 2008 financial crisis to determine the right time to buy back equity markets, which fell 30% from their record highs in February due to the coronvirus crisis. The Wall Street sign is pictured on the New York Stock Exchange (NYSE) in the Manhattan borough of […]

Britain demands 250,000 volunteers as the number of virus deaths increases

LONDON (Reuters) – Coronavirus deaths in the UK rose on Tuesday, the first day of a national ban, while the government called for 250,000 health volunteers and announced that a provisional hospital would open in London next week. In a television broadcast on Monday night, which was seen by more than 27 million people, Prime […]

Limitless Fed bond buying fuels are recovering, dollar setbacks

LONDON (Reuters) – Financial markets recovered on Tuesday. Equities and oil rose about 4% in Europe, while the safe haven dollar fell as unprecedented global economic efforts accelerated. While the Fed’s offer to buy unlimited bonds should not alleviate the devastating effects of the corona virus alone, investors hoped that using other government bailouts would […]

Britain wakes up to Coronavirus, the confusion continues

LONDON (Reuters) – Britain woke up to a virtual block on Tuesday after Prime Minister Boris Johnson ordered people to stay home, close shops and end all social gatherings to stop the spread of the coronavirus. People jog in Battersea Park while the spread of coronavirus disease (COVID-19) continues in London, Britain, on March 24, […]

The streets are quiet, but the underground is full when Britain is practically closed

LONDON (Reuters) – The streets were much quieter than usual on Tuesday after Britain was practically closed to curb the spread of the Corona virus, but the London Underground trains were full of people and the streets were far from deserted. Some workers also continued to mix closely after Prime Minister Boris Johnson ordered people […]

Limitless Fed QE drives 2% stock jump and soothes the dollar

LONDON (Reuters) – Global stocks rallied nearly 2% on Tuesday after hitting a four-year low and the dollar slipped as investors hoped for unprecedented economic moves from the Federal Reserve and other policymakers to address the Reduce burdens on the financial markets. FILE PHOTO: Pedestrians with face masks walk near an overpass with an electronic […]

Asia’s stocks are recovering, the Fed is putting endless QE against economic reality

SYDNEY (Reuters) – Asian stocks rallied strongly on Tuesday as the Fed’s promise to fund a bottomless dollar eased painful financial market pressures, although it failed to mitigate the immediate economic impact of the corona virus. FILE PHOTO: Pedestrians with face masks walk near an overpass with an electronic tablet that displays inventory information after […]

Britain stands by the military as the corona virus shuts down parts of London

LONDON (Reuters) – The UK deployed 20,000 military personnel, closed dozens of tube stations across London, and Queen Elizabeth left town for Windsor Castle when the coronavirus crisis brought whole parts of the economy to a standstill. As the outbreak of the corona virus sweeps the world, governments, corporations and investors are facing the greatest […]

The plumbing behind the world’s financial markets is creaking. Loud

LONDON (Reuters) – The coronavirus panic is shaking stock markets, and a sharp decline in key indices is catching the public’s attention. Behind the scenes, however, there is less understood and possibly more worrying evidence that stress in key arteries in the financial system increases to dangerous levels. FILE PHOTO: Traders work on the floor […]

The dollar is rising against the Japanese yen as markets recover

LONDON (Reuters) – The dollar rebounded on Friday and rose strongly against the yen as equity markets recovered and investors welcomed signs that governments and policymakers were ready to do more to counter the economic shock of the corona virus. This figure from January 6, 2020 shows Saudi Rial, Yuan, Turkish Lira, Pound, US Dollar, […]