(Reuters) -
Traders work on the floor at the New York Stock Exchange in New York, U.S., January 21, 2020. REUTERS/Brendan McDermidThe coronavirus continues to claim lives, yet the impact on global demand and companies is just starting to be felt. Recent days have seen an unremitting flow of dire headlines as supply chains from New Zealand to the United States felt the impact of a paralyzed China.
Some financial markets were quick to recover: Wall Street climbed to records, encouraged by earnings and economic data. Chinese stocks, which lost $700 billion of market value on reopening after Lunar New Year holidays, have now clawed back half those losses. Yet commodity prices such as copper and oil, seen by many as a better signal for the real economy, still have some way to recover.
A band of Democrats from the Senate Banking Committee, where Powell heads on Wednesday, has already sent him a list of questions about last autumn’s upheaval in the repurchase agreement market, where banks go to secure funding to meet their reserve requirements. The episode – when a cash squeeze drove overnight repo interest rates to 10% - forced the Fed back into the active bond-buying business for the first time in some five years and it scooped up more than $300 billion of T-bills since.
Now it is time to see if GDP readings due out provide any hints of those “green shoots” detected in the recent European PMI readings, which spurred hopes that a long slump in the region’s manufacturing sector could also be bottoming out.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
MetaProp Accelerator's demo day showcases five early-stage startups - Business InsiderWe watched 5 early-stage startups blending tech and real estate demo their ideas after graduating from a high-profile proptech accelerator
Les mer »
Thousands of Makeup Lovers Give This Affordable and ‘Super Glam’ Organizer Five Stars“[It] adds a touch of bling and sophistication to my vanity”
Les mer »
Five dead in commuter plane crash in western AlaskaThe pilot and four passengers were on the commuter plane that crashed southwest of the community of Tuntutuliak, Alaska State Troopers said.
Les mer »
Five people were killed when a small plane crashed in AlaskaFive people were killed when a commuter airplane crashed about 12 miles southwest of Tuntutuliak in Alaska, the Alaska State Troopers said.
Les mer »
The Best Valentine’s Day Gift is Five Tiny Bottles of PerfumeWho needs a signature scent? With just-big-enough bottles of five rose-based fragrances, this set is a commitment-phobe's dream.
Les mer »
Listen to First New Lamb of God Song in Five Years, Brutal 'Checkmate'The brutal track is slated to appear on the band's upcoming self-titled album, due out on May 8.
Les mer »