WHITE HOUSE WATCH: INSTITUTIONAL BALM FOR MKTS BUT DEMAND DESTRUCTION DEEPENS
–Declaration of National Emergency Accompanied by New Testing Regime –S&P +9.29%; DJIA +9.36%; Nasdaq +9.35%; US 10-YR 0.981%; Euro/Dlr 1.1104; Dlr/Yen 107.98 By Denny Gulino THE WHITE HOUSE (MaceNews) – From the White House to Ottawa and Germany and beyond, governments Friday applied massive reinforcement of economies and health care mechanisms while the relentless spread […]
BANK OF CANADA CUTS RATES AGAIN
By Gloria Galloway OTTAWA (MaceNews) – The Bank of Canada has slashed its target overnight rate for the second week in a row as it attempts to prop up an economy jolted by the double punch of low oil prices and the spread of the pandemic coronavirus. The bank is cutting its overnight rate by […]