Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That is u. S. Future. Waitinghe bond market, for the ava bond purchase, the aussie yield curve steepening ahead of the government announcing option plans for the coming week. We could see a bump up in primary activity, looking at the threeyear yield to and the week below target after the central bank boosted liquidity and calmed down money markets. We are watching banking stocks after they cut fees, one
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Spanish flu victims at a barracks hospital on the campus of Colorado Agricultural College, Fort Collins, Colorado, in 1918. Even the Spanish flu, which killed an estimated 100 million people, did not cause a prolonged downturn. Photo: Getty Images
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Jie Gan is associate dean, professor of finance and director of the Centre on Finance and Economic Growth at the Cheung Kong Graduate School of Business. Prior to joining the CKGSB, she served as a professor (with tenure) at Hong Kong University of Science and Technology and an assistant professor (tenure track) at Columbia Business School. Professor Gan holds a PhD in financial economics from MIT.