The coronavirus is having a severe effect on global economic activity and amidst considerable uncertainty analysts and economists are trying to gauge the impact and update forecasts. Several are suggesting that the world economy will contract this year by 3%,…
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It is expected that the contraction in global activity in 2020 will be around 3% and this will exceed that seen in the first year of the Global Financial Crisis (GFC) of 2008 when global GDP contracted by 0.5%. However,…
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Markets rallied early this week as investors anticipated fiscal spending reaching the real economy and new coronavirus case growth slowed in Italy and Spain. Whilst the overall number of cases and deaths continues to mount in Italy the growth in…
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March 2020 has witnessed capital markets display quite extraordinary dynamics. In this past four weeks, we have experienced both bear market conditions with falls of in excess of 20% and bull market conditions with stock gains of over 20% in…
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Despite some concerns at the end of the day as the US Senate wrangled over the details of the $2trn US fiscal stimulus, US markets closed in positive territory for the second consecutive day. This may not sound remarkable but…
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US markets rallied by between 9% and 11% yesterday as investors priced in two pieces of good news. Donald Trump surprised markets by suggesting yesterday that the US lockdown could be over by Easter. Clearly this timeline is not in…
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In the past few weeks, we have witnessed the most dramatic loss of wealth and liberty that the world can recall in peacetime. The Dow Jones Industrial Average has fallen by 32.3% and millions of people throughout the world are…
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Perhaps we can learn from the stock market performance from 1917 when the world was gripped by both the Great War and deadliest flu virus in history. The so called Spanish Flu infected an estimated 500 million people which in…
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In this past week we have witnesses a massive ramping up of action taken by national governments and central banks across the world as they seek to win the battle against the health and economic impact of the Coronavirus pandemic.…
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