Tiqnea For economic consulting

  • About Us
  • Contact us
  • English
    • العربية
  • Feasibility study request
  • Register

Login To Tiqnea Company

  • Login
  • Register

Top 5 Things to Know in the Market on Thursday, March 12th

  1. Home
  2. Top 5 Things to Know in the Market on Thursday, March 12th

12 Mar 2020

Share post

Top 5 Things to Know in the Market on Thursday, March 12th

By Geoffrey Smith — Top 5 Things to Know President Donald Trump’s announcement of a European travel ban sends markets into a fresh tailspin, while Italy shuts down all but essential business activity to contain the coronavirus. The European Central Bank is expected to expend more of its depleted pile of ammunition supporting the eurozone economy and banking system, and oil prices take another tumble after Saudi Arabia snubs a meeting where some had hoped for an early rapprochement with Russia. Here’s what you need to know in financial markets on Thursday, March 12th.

Top 5 Things to Know

1. Trump announces Europe travel ban and stimulus measures but nothing on U.S. testing policy
President Donald Trump imposed a 30-day ban on arrivals of people from most of Europe in an effort to stop the spread of what he called a “foreign virus” through the U.S. For reasons he didn’t explain, the measures exempt the U.K. and Ireland, both of which are already reporting sharp increases in confirmed cases.
In a 10-minute address from the White House on the day that the World Health Organization declared the coronavirus outbreak a global pandemic, Trump also confirmed that the administration will defer this year’s April 15 tax deadline, effectively providing a grace period on $200 billion owed to the government by U.S. households and businesses. He also said he’d authorize $50 billion in loans to small- and medium-sized enterprises to ease their cash flow issues.
However, he announced no new measures to improve the speed and breadth of testing across the U.S. His claim that insurance companies would waive all copayment requirement for treatments was also subsequently denied by the industry association, which said the waiver only applied to testing.
2. Europe intensifies lockdown
Italy intensified its lockdown on public life, closing all non-essential commerce such as hair salons, bars, restaurants and cinemas.
The measures, taken after the country recorded another steep rise in new infections and around 170 more deaths from the virus, make a deep recession in the first half of the year all but inevitable.
The Italian government now projects a budget deficit of 2.7% of GDP this year. It remains to be seen how the eurozone will accommodate what represents a clear, if inevitable and necessary, breach of its fiscal rules. The yield on Italy’s 10-year benchmark bond rose 17 basis points to 1.36%.
Elsewhere in Europe, Denmark shut its schools and universities for two weeks, while The Times of London reported that the U.K. government will force the rest of the English soccer season to be played behind closed doors (although the Cheltenham horse racing festival carried on as normal). Italian soccer player Daniele Rugani, a teammate of Cristiano Ronaldo at Juventus, tested positive for the virus, raising doubts that even a closed-doors regime would be tolerated by public-health authorities.

Similar posts

Nikkei rises after gains in US technology stocks

TOKYO (Reuters) – The Nikkei benchmark index made slight gains at the close on the Tokyo Stock Exchange on Nikkei rises after gains  Wednesday, with some tech stocks surging after […]

see more

skilled: A mutation in the Corona virus makes it more contagious, but less lethal

SINGAPORE (Reuters) – A prominent infectious disease doctor said that the new Coronavirus has mutated increasingly A mutation in the Corona  common in Europe, North America, and parts of Asia […]

see more

Global health: The coronavirus outbreak is increasingly being driven by young people

The WHO Regional Director for the Western Pacific Region said on Tuesday that the spread of the Coronavirus global health: The coronavirus outbreak is increasingly being driven by young people increasingly […]

see more

Japanese bank: Dubai’s economy may contract 5.2% in 2020 and grow by 4.3% in 2021

DUBAI (Reuters) – Japan’s Mitsubishi UFG Financial Group said that Dubai’s economy is expected to contract by 5.2 Dubai’s economy percent this year due to the impact of the Coronavirus […]

see more

The rise in the price of “gold” worldwide, will it continue?

Gold rose on Monday morning in Asian trading, supported by signs of slowing economic recovery in the United States The rise in the price and Japan. Gold futures rose slightly […]

see more

Sources: China is ramping up US oil purchases before reviewing the trade deal

(Reuters) – US cargo brokers and Chinese importers said shipments of crude oil China is ramping up  from the United States to China will rise dramatically in the coming weeks, […]

see more

التعليقات:

Do you want to subscribe to the mailing list to receive the latest studies and offers?

About Al-Tiqnea

Technical Economic Consulting Company was established in 2012, it was established by a team of investment professionals to become one of the leading investment companies to provide the best management consulting services to local international companies and institutions. Since its inception, the company has continuously expanded to become one of the largest leading consulting firms in the region through its branches located in the Arab world as well as representative offices in Europe.

Quick Links

  • Home
  • Blog
  • Technical Services
  • Contact us
  • About Us

Contact us

00201200006303 info@tiqnea.com

In front of Water Way - Fifth settlement - New Cairo

All copyright are reserved for (el-tiqnea ) 2012 @