Tag: Coronavirus
Unemployment rate could reach level of the Great Depression
By the end of March, unemployment rate in the U.S. grew to 4,4% from February record low 3,5%
Yet, the reality could be much worse...
European shares slightly rose thanks to energy stocks
The pan-European STOXX 600 index rose 0.6% on Thursday, mainly due to stocks of energy companies
The growth of energy stocks was caused by rising...
Will bitcoin hit $20,000? There is only a 4% chance
Bitcoin has lost a tenth of its value in first quarter of 2020
Even though bitcoin halving is approaching, analysts are not very optimistic on...
Concerns about world’s food supply chain are growing worldwide
Around one fifth of global population is currently isolated in a quarantine
In a reaction to this, governments come up with food supply restrictions. Yet,...
Freeport-McMoRan to suspend dividends and lower costs this year
The world's largest publicly traded copper producer will not suspend any dividends to its stakeholders as a reaction to coronavirus
Phoenix-based Freeport-McMoRan company had planned...
Economic stimulus will be costly
Bond interest rates are growing
Coronavirus pandemic has not begin to decline yet, but economically developed countries already discuss massive measures to support their economies
Bond...
Yen grows against US dollar, US dollar grows against British pound...
Coronavirus pandemic reallocates forces in global foreign exchange markets
Investors seek for a safe haven and shift to places where coronavirus already culminated.
Japanese yen grew...
Fed cut interest rates to zero
The American Central bank cut its benchmark interest rate to near zero in reaction to coronavirus pandemic
The US Federal Reserve cut its benchmark interest...
Wall Street collapses after WHO declares coronavirus a pandemic
Dow Jones, S&P500 and Nasdaq dropped in 5-6% on Wednesday
Stock markets experience further sales, after the World Health Organization (WHO) declared the coronavirus outbreak...
China eased venture capital rules
On Friday, China’s securities regulator eased rules for venture capital transfer
The country hopes to increase resilience of its economy after it was hit by...
