Posts Tagged ‘week in review’

Week in Review: Central Banks Take Coordinated Action

Financial markets endured another week of extreme volatility as the number of coronavirus cases globally continues to rise. The social-economic trade-off of social distancing adopted by most countries across the globe will significantly impact global economic growth and employment in the first half of this year. To counteract this, major central banks and governments around…

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Week in Review: Coronavirus Sparks Market Correction

Coronavirus panic has sent world equity markets into correction (a correction is a 10 percent drop in stocks from their most recent peak) territory. While the rate of reported cases in China slowed and Chinese companies that were shuttered in February started to reopen, the headlines that the virus is spreading at an increased rate…

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Week in Review: President Ramaphosa delivers SONA 2020

Global attention remained on the coronavirus outbreak as the number of confirmed cases rose and China’s factories try to reopen. Equities were mostly stronger for a second straight week while bond yields stayed unchanged, a sign that investors are cautiously optimistic. In the U.S., Federal Reserve (Fed) Chair, Jerome Powell’s commentary took centre stage, where…

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Week in Review: Coronavirus Fears Escalate

Growing concerns about the economic impact of the coronavirus dominated headlines this week. Global equity markets and cyclical sectors underperformed whilst bonds rallied. As the outbreak continues to escalate, the World Health Organization has declared it a public-health emergency of international concern, but said restrictions on commerce weren’t necessary and that it had confidence in…

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Week in Review: SAA Placed Under Business Rescue

It was an eventful week on the South African calendar with SAA announcing that it will be placed under business rescue as well as the South African 3rd quarter GDP announcement. Minister of Public Enterprises, Pravin Gordhan announced on Thursday that South African Airways (SAA) will be placed under business rescue, stating that the decision…

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