UPCOMING WEEK - EVENTS CAN EFFECT MARKET SENTIMENT

UPCOMING WEEK ATTRACTION

9TH MARCH'2020

Japan will boost its special financing for small and mid-size firms hit by the corona-virus to 1.6 trillion yen ($15.6 billion).
Imports to the U.S. face a bigger impact from Covid-19 than thought earlier, the National Retail Federation reported.
Lebanon will resort to a disorderly default if creditors are unprepared to negotiate, broadcaster LBC quoted Finance Minister Ghazi Wazni.

10TH MARCH'2020

South Korea dramatically tightened rules on short-selling for three months, one day after its main equities board saw a record outflow by foreign investors as the corona-virus epidemic ravages the country's economy.
U.S. President Donald Trump took a swipe at the Federal Reserve on Tuesday, claiming that the ‘pathetic, slow moving’ central bank has put the U.S. at a disadvantage as concerns over the global economic impact of corona-virus mount.
For money managers, it's bad enough watching the corona-virus wipe trillions of dollars off world markets' value. Even worse is not knowing how bad the outbreak really is for the economy, company balance sheets, and in turn for their portfolios.

11TH MARCH'2020

The World Health Organization declared the corona-virus outbreak a pandemic, saying cases outside China have risen 13-fold.
The Bank of England slashed interest rates by 0.5% point and announced support for bank lending just hours before the unveiling of a budget splurge designed to stave off a recession triggered by the corona-virus outbreak.
Italy will ramp up spending to help the economy cope with the impact of the corona-virus, earmarking 25 billion euros ($28.3 billion) to tackle the growing crisis.
Australia unveiled a A$17.6 billion ($11.4 billion) fiscal stimulus plan to buttress the economy from the corona-virus outbreak that threatens to tip the nation into its first recession since 1991.

12TH MARCH'2020

All global investors got from U.S. President Donald Trump's corona-virus package were a shock travel ban on Europe and a flashing signal to sell, and none of the large-scale tax breaks or medical tests for Americans they'd been expecting.
The ECB said its governing council had decided to increase its asset purchases by as much as 120 billion over the rest of 2020, adding to a monthly run rate of 20 billion euros ($22.4 billion) currently.
Crushing asset sell-offs ranging from bitcoin to precious metals and European stocks accompanied Wall Street's slide into bear market territory on Thursday, as investors liquidated positions across their portfolios to raise cash.

13TH MARCH'2020

The Fed on Thursday announced massive repo operations and expanded securities purchases to ease “temporary disruptions” in the market.
China's central bank cut the cash that banks must hold as reserves on Friday for the second time this year, releasing 550 billion yuan ($79 billion) to help its corona-virus-hit economy.
European stock markets surged after Germany's finance minister announced the government would announce an 'unlimited' credit facility to help companies struggling with short-term cash flow problems due to the corona-virus outbreak.
The Federal Reserve on Friday launched a wave of $37 billion of Treasury security purchases under the enhanced market liquidity measures it announced on Thursday to address volatile conditions in the government bond market caused by the corona-virus outbreak.
The Bank of Canada cut interest rates by half a percentage point in an emergency move to buffer the nation’s economy from the double hit from the corona-virus and tanking oil prices.