Vice President of the European Central Bank said that he will use all methods to deal with the impact of the COVID-19 on the economy
ECB Deputy Governor Jindos said that the global COVID-19 epidemic may disrupt economic growth. The ECB will remain vigilant and will closely monitor all newly released data. The central bank’s forward-looking guidance will guide the direction of monetary policy. In any case, the Management Committee
We will always be prepared to adjust all tools appropriately to ensure that inflation continues to move closer to its target. Jindos’s remarks further strengthened the market and will take loose measures against major central banks in the world in order to cope with the possible disruption of economic growth in the event of a new coronavirus epidemic.
Many analysts failed to determine the situation of US stocks
After being heavily sold last week due to concerns about the New Crown Virus epidemic, US stocks rebounded strongly overnight. Expectations of the Fed’s interest rate cuts pushed US stocks up. In addition, three Democratic presidential candidates announced their withdrawal, and two of them announced their support for the former vice president
Deng, leading to the rapid growth of his campaign momentum, also contributed to the market’s risk sentiment. However, as concerns about the New Coronavirus epidemic continue, many analysts remain relatively cautious about whether the worst period for US stocks has passed.
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