UK Sovereign Credit Downgraded as Coronavirus Hits Key Government…
March 30, 2020COVID-19 UPDATE It took just 7 days for confirmed cases to double last week with over 700,000 infected as at Sunday when there were just over 330,000 last Sunday. Governments…
Euro Area March PMIs Plunge as Governments Lock Down…
March 24, 2020COVID-19 UPDATE 42,464 new cases of infection were recorded on Monday as cases of infection continued to surge worldwide. The UK finally announced a lockdown similar to the measures in…
ECB Unveils €750 Billion Emergency Stimulus
March 19, 2020COVID-19 UPDATE Wednesday saw the number of confirmed cases top 200,000 as 20,014 new cases were confirmed worldwide. To highlight the contrasting turn of events, China – the epicentre of…
US Prepares $850 Billion Stimulus Package as Coronavirus Hits…
March 18, 2020COVID-19 UPDATE Confirmed coronavirus infections are likely to pass the 200,000 mark on Wednesday following a surge on Tuesday which saw 14,676 confirmed cases globally; of these, only 21 were…
Bank of England Makes Emergency 50bps Rate Cut
March 11, 2020COVID-19 UPDATE 4,896 new cases of COVID-19 were confirmed globally on Monday with only 19 of the cases being in China as the spread takes its toll on the rest…
Markets Roil as Oil Price War Takes Centre Stage
March 10, 2020COVID-19 UPDATE Monday saw Italy put the entire country on lockdown as the total number of confirmed cases clocked over 9,000 with 463 deaths, only second to China. Containment efforts…
Lebanon Makes About Turn on Banks’ Asset Freeze as…
March 6, 2020COVID-19 UPDATE Thursday saw 3,300 new cases of COVID-19 with only 139 of those recorded in China as the global spread accelerates. Cases in South Korea and Italy continued to…
Fed Surprises Markets with an Emergency 50bps Rate Cut
March 4, 2020COVID-19 UPDATE The spread of the coronavirus outside appears to be continuing unabated with Tuesday figures highlighting the grimmest picture yet. Tuesday saw a 2,101 increase in the number of…
Markets Higher as Central Banks Hint Monetary Easing
March 3, 2020COVID-19 UPDATE Monday saw the global number of infections top 90,000 as cases in South Korea and Italy surged past 4,800 and 2,000 respectively. 8 countries also recorded their first…
South Africa to Cut Support for State Companies in…
February 27, 2020COVID-19 UPDATE The spread of COVID-19 outside China continued Wednesday with new confirmed cases in China falling below cases confirmed elsewhere for only the second day since the outbreak began;…