WHITE HOUSE WATCH: MIGHTY US ENGINE OF COMMERCE SLOWS ITSELF FROM CRUISING SPEED
–DJIA -9.99%; S&P -9.51%; Nasdaq -9.43%; WTI -2.485%/$30.69 By Denny Gulino THE WHITE HOUSE (MaceNews) – It’s been something to behold, how the United States is cautiously adjusting at every level to the threat of the corona virus – and how the stock markets have disregarded official reassurances. Day by day, in an orderly manner, […]
ECB RAMPS UP BOND BUYING; DECLINES TO CUT DEPOSIT RATE
By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank defied market expectations by declining to move its main deposit rate further into negative territory to combat coronavirus-induced slowdown, but did announce a dramatic expansion of its quantitative easing program on Thursday. That puts the ECB out of step with other major central banks, following […]