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Coronavirus

Investors in Europe: 2020 Coronavirus Update

Investors in Europe: 2020 Coronavirus Update

Lockdowns across Europe have resulted in unprecedented economic damage over the first half of 2020.  Eurozone GDP fell 12% in the 2nd quarter of 2020 following a 4% contraction in Q1.

When the novel Coronavirus (COVID-19) initially struck Wuhan, China in January 2020, most investors in Europe did not expect the disease to reach the continent. Yet here we are; a seemingly innocuous holiday stop in the French Alps by a Brit returning home from a conference in Singapore has morphed into a full-scale virus outbreak […]

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Wave of U.S. Bankruptcies Builds Toward Worst Run in Many Years (Bloomberg)

May 11, 2020 | File Under: , , , ,

“So far in 2020, the pace of corporate bankruptcy filings in the U.S. has already surpassed every year since 2009, the aftermath of the global financial crisis, Bloomberg data show.” – by Eliza Ronalds-Hannon, Katherine Doherty, and Davide Scigliuzzo

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Italy’s future is in German hands

April 2, 2020 | File Under: , , , , , , , , ,

“As coronavirus cuts a swath of economic destruction across Europe, pushing the already-strained budgets of southern countries to the brink, calls are getting louder for the eurozone to intervene by issuing debt backed by all members.” – by Silvia Borrelli and Matthew Karnitschnig

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ECB shakes off limits on new €750bn bond buying plan (FT)

“The details of the new programme support the declaration by Christine Lagarde, the ECB’s president, who said on Twitter after it was announced last week: ‘There are no limits to our commitment to the euro.’” – by Martin Arnold and Tommy Stubbington

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ECB announces €750 billion Pandemic Emergency Purchase Programme (ECB)

March 20, 2020 | File Under: , , , ,

“This new Pandemic Emergency Purchase Programme (PEPP) will have an overall envelope of €750 billion. Purchases will be conducted until the end of 2020 and will include all the asset categories eligible under the existing asset purchase programme (APP).” – ECB Governing Council

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Bank of England Cuts Rate to 0.1%

March 19, 2020 | File Under: , , ,

“The Monetary Policy Committee at a special meeting on 19 March voted to cut Bank rate to 0.1% and increase its holdings of UK government and corporate bonds by £200 billion.” – Bank of England

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France injects billions into stimulus plan amid coronavirus chaos (Politico)

March 18, 2020 | File Under: , ,

“PARIS – France is trying to avoid an economic catastrophe by injecting billions into its coronavirus-hit economy.” –  by Elisa Braun

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Spain unveils €200B package to combat virus downturn (Politico)

March 18, 2020 | File Under: , ,

“Spain’s government on Tuesday announced a package to pump €200 billion into the economy to counteract the effects of coronavirus, and the prime minister warned of “very tough days” ahead.” –  by Cristina Gallardo

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US Fed Cuts Rates to Zero

March 15, 2020 | File Under: , , , ,

“The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook. In light of these developments, the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent. “

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UK Budget 2020

March 11, 2020 | File Under: , , ,

“The Budget takes place against the backdrop of the global outbreak of COVID-19. The fundamentals of the UK economy are strong and the government is well prepared to protect people’s health and support their economic security throughout this period of temporary economic disruption. The Budget sets out a plan to support public services, individuals and […]

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