The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* WHO “finally” announce COVID-19 as a global pandemic….
* Dow slumps as lack of US policy response disappoints especially compared to UK and Europe
– puts greater pressure on the Federal Reserve to act again….
– UK slash rates 50bps to 0.25%, added $30bn of Fiscal stimulus and $600bn in infrastructure
– ECB Lagarde told EU leaders without co-ordinated action across Europe a GFC scenario could develop
* Merkel “we will do…