Some legs as continued stimulus 1 and rate cuts will set a temporary floor here in the equities market so we begin the week off in a risk on mood as we get yet another stimulus shot from the central bank this time from china the p. L. C. Has finally launched a long awaited reform to replace its existing fixed benchmark lending rate with a new fluctuating loan prime rate this is now aimed to further lower real Interest Rates for companies essentially amounting to a rate cut the new l. P. R. Will be set on tuesday and subsequently on the 20th of each month as a benchmark rate for banks to price in new loans now more than 30 Central Banks around the world have cut Interest Rates just this year as countries move to shore up their economies amid rising concerns of a Global Growth and trade complex germanys central bank just issued a warning that the country could be slipping into recession as g. D. P. For the 2nd quarter contracted point one percent this further puts pressure on the rest of
begin as concerns over the coronavirus have seen u.s. stocks tumbling by more than one percent monday as the dow plunged 406 points the big fear right now that the new coronavirus outbreak could severely disrupt the chinese economy the corona virus is spreading despite chinese attempts to contain it. the growth of the epidemic is accelerating i m afraid it will last time it is possible for us to see if you increase the number of cases in the near future if you told me so what is happening with the virus in china right now there are more than $2800.00 cases confirmed in china the death toll currently stands at $81.00 the marilou hot in the city which is the epicenter of this virus says that the number of cases in that city could rise by at least another 1000 and meanwhile china has quarantined a dozen cities right at the chinese new year celebration and that means. no travel for at least 35 to 40000000 chinese citizens and all of that means airline stocks like american and del
On this episode of Fault Lines, hosts Jamarl Thomas and Melik Abdul discussed a number of topics from around the globe, including President Biden’s handling of the economy and his recovery plan dubbed Bidenomics .
Economist and author Dr Jack Rasmus, David Tawil, co-founder of ProChain Capital, and finance expert Todd “Bubba” Horwitz, chief market strategist at BubbaTrading.com, cast doubt on the US government s claims of economic boom.
On today’s episode of The Backstory, host Rachel Blevins discussed current events including alien corpses were presented in the Mexican Congress, and Kim Jong Un states he will always support Russia