The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
• Expect Level 3 to be announced next week, with details this week
– NZ case numbers dropping, Hospitals ICU at 60% capacity, so can no longer justify Level 4
• Globally rate of increase falling but over a million COVID cases……
• Federal Reserve rolled out a US$2.3 trillion package of aid to SMEs, State Governments and buying sub investment debt
– this massive stimulus saw credit spreads narrow whilst the Dollar was…