The Fed reduced interest rate to almost zero, started buying bonds again and applied other measures of its anti-crisis list, involved world central banks in supporting the global economy, which is declining because of the coronavirus. In the short term, the negative effects of the coronavirus will harm economic activity and are also a risk to economic growth. The US regulator lowered the key interest rate range to 0.00-0.25% and added that it intends to increase the balance sheet by at least $700 billion this month. These measures will be...
The New Zealand Performance of Services Index for February was reported at 52.0. Forex traders can compare this to the New Zealand Performance of Services Index for January, which was reported at 57.2. New Zealand Permanent/Long-Term Migration for January was reported at 6,490. Forex traders can compare this to Permanent/Long-Term Migration for December, which was reported at 5,400. External Migration & Visitors increased by 2.90% monthly. Forex traders can compare this External Migration & Visitors, which decreased by 0.2% monthly...
The shares of Boeing (BA) became a real disaster. Shares fell by 10% on Thursday and more than 60% from their recent highs. Originally, 737 MAX was the company's biggest headache. Contaminated jets, regulatory issues, and declining order bookings had a tangible impact on Boeing's business. The coronavirus outbreak and this nightmarish scenario for Boeing becomes a reality. As if there were problems with the 737 MAX, airline stocks are crumbling as demand for flights and travel bans rise. Besides, market volatility is also...
The New Zealand Business Manufacturing PMI for February was reported at 53.2. Forex traders can compare this to the New Zealand Business Manufacturing PMI for January, which was reported at 49.8. New Zealand Food Prices for February were reported flat at 0.0% monthly. Forex traders can compare this to New Zealand Food Prices for January, which increased by 2.1% monthly. The US Import Price Index for February is predicted to decrease by 1.0% monthly and by 1.6% annualized. Forex traders can compare this to the US Import Price Index for...
Last year, Citigroup (C) showed steady revenue growth. But as the coronavirus hit the global economy, and as political tensions shook major international clients and key markets, investors may have concerns that they could increase profits from their stocks. Citigroup shares are now at an altitude close to pre-crisis. But given that the business is concentrated more outside the U.S., unlike competitors among the major banks, the company can better predict global changes for its clients, the company said. But it also means that it is more...
