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New York is the epicenter of the coronavirus in the United States, with
far more cases than many entire countries. Positive tests in the state
made up a quarter of those in the whole U.S. as of Friday, with more
than 335,000 cases.To get more news about shanghai coronavirus cases, you can visit shine news official website.
The map below shows coronavirus cases in New York State are particularly concentrated in New York City and nearby suburbs, where nearly half the state's population live. The city had reported more than 187,000 cases as of Friday.
There have been significantly more cases in New York City than other metropolises around the world, such as London, Paris, Shanghai and Tokyo.
Shanghai, an economic and financial center as well as an international hub of commerce and tourism, is one of the Chinese cities outside Hubei Province with a comparatively large number of COVID-19 cases.
But the number of confirmed cases in Shanghai, nine hours' drive from Wuhan, the epicenter of China's coronavirus outbreak, is only in triple digits.
As of Friday, 657 cases had been reported in the city, including 318 imported from abroad. A total of 623 patients have recovered and discharged from hospitals, while seven have died from the coronavirus disease.Shanghai responded quickly in its initial handling, adopting social distancing measures and mandatory mask wearing.
Shanghai launched a Level 1 emergency response – the highest level for a public health emergency – on January 24, four days after its first confirmed case. The emergency response includes a 14-day quarantine and medical observation for arrivals from key infected areas, health screenings at roads leading to the city and the cancellation of large public activities.The outbreak happened during China's Spring Festival, when schools and businesses were on a pause. On January 27, Shanghai declared the resumption of operations at schools at all levels and enterprises would be postponed.
New York declared a state of emergency early on March 7, a week after the state's first reported case – a woman who traveled from Iran.
But U.S. politicians gave mixed messages to the public, initially suggesting the outbreak would be readily contained, until the city was overwhelmed with the virus. The state's stay-at-home order came on March 20, and went into effect two days later.
While the state was reluctant to adopt social distancing measures and order non-essential business to close for economic concerns, its decision not to track down suspected cases with widespread testing contributed to the situation rapidly deteriorating.
The map below shows coronavirus cases in New York State are particularly concentrated in New York City and nearby suburbs, where nearly half the state's population live. The city had reported more than 187,000 cases as of Friday.
There have been significantly more cases in New York City than other metropolises around the world, such as London, Paris, Shanghai and Tokyo.
Shanghai, an economic and financial center as well as an international hub of commerce and tourism, is one of the Chinese cities outside Hubei Province with a comparatively large number of COVID-19 cases.
But the number of confirmed cases in Shanghai, nine hours' drive from Wuhan, the epicenter of China's coronavirus outbreak, is only in triple digits.
As of Friday, 657 cases had been reported in the city, including 318 imported from abroad. A total of 623 patients have recovered and discharged from hospitals, while seven have died from the coronavirus disease.Shanghai responded quickly in its initial handling, adopting social distancing measures and mandatory mask wearing.
Shanghai launched a Level 1 emergency response – the highest level for a public health emergency – on January 24, four days after its first confirmed case. The emergency response includes a 14-day quarantine and medical observation for arrivals from key infected areas, health screenings at roads leading to the city and the cancellation of large public activities.The outbreak happened during China's Spring Festival, when schools and businesses were on a pause. On January 27, Shanghai declared the resumption of operations at schools at all levels and enterprises would be postponed.
New York declared a state of emergency early on March 7, a week after the state's first reported case – a woman who traveled from Iran.
But U.S. politicians gave mixed messages to the public, initially suggesting the outbreak would be readily contained, until the city was overwhelmed with the virus. The state's stay-at-home order came on March 20, and went into effect two days later.
While the state was reluctant to adopt social distancing measures and order non-essential business to close for economic concerns, its decision not to track down suspected cases with widespread testing contributed to the situation rapidly deteriorating.
China’s economy is improving and could register “very impressive” growth
— but the U.S. is the biggest risk that could derail that recovery, a
Deutsche Bank economist said on Monday.To get more latest china economy news, you can visit shine news official website.
Much of the global economy is still reeling from lockdown measures imposed to contain the coronavirus pandemic. Restrictions that include workplace closures and stay-at-home orders significantly cut down economic activity worldwide — dampening any prospects for growth this year.
But China, where the coronavirus first emerged, is often cited as one of the few economies that could still grow. The Chinese recovery is “going to look very impressive” with a growth of 5%-6% quarter on quarter in April-June, following a contraction in the previous three months, said Michael Spencer, Deutsche Bank’s chief economist and head of research for Asia Pacific.
“The domestic demand part of the Chinese economy has recovered well,” he told CNBC’s “Squawk Box Asia.”Spencer said “a broad range of indicators” — such as auto and property sales — are “returning to normal” in China. The country’s exports have also been better than expected, but could get “a lot worse” in the next few months given the economic weakness in China’s major export destinations, he added.
‘Tough road’ ahead for U.S. economy
The biggest risk to the Chinese — and global — economy is the U.S., according to the economist. He explained that the U.S. is reopening “too soon” from lockdown measures, which could trigger another wave of infections and further rounds of restrictions.
That would leave the U.S. economy struggling, in spite of a surprise jump in employment gains, added Spencer.Steve Hanke, a senior fellow at American libertarian think tank Cato Institute, said the U.S. economy could take many years to recover from the “enormous” damage.
“And to repair it, it’s just not going to happen immediately. I don’t think we will reach the level of pre-crisis GDP until ... 2022 and probably way beyond that,” he told CNBC’s “Street Signs Asia” on Monday.Tensions between the U.S. and China, which have been worsening in recent months, are expected to be “exceptionally sensitive” this year, said Deutsche Bank’s Spencer.
The U.S. is scheduled to hold presidential election in November. Incumbent President Donald Trump will make China “the main part of his reelection pitch” by touting that he’ll be tougher on Beijing than his presumptive Democratic challenger, Joe Biden, added Spencer.So the rhetoric between China and the U.S. has already gotten very worrying, and I think can only get worse through this summer,” he said, adding that “there’s no prospect” for the two countries to conclude the second phase of the trade deal.
The two countries signed the “phase one” trade deal in January, which put a pause to their tariff war that lasted over a year. The Trump administration had aimed to start talks on the second phase of the deal before the U.S. November election.
But even the phase one deal appears to be “hanging on by a thread,” said Spencer. “The risks are that even that phase one ... gets broken or gets abandoned in the next few weeks and months.”
Much of the global economy is still reeling from lockdown measures imposed to contain the coronavirus pandemic. Restrictions that include workplace closures and stay-at-home orders significantly cut down economic activity worldwide — dampening any prospects for growth this year.
But China, where the coronavirus first emerged, is often cited as one of the few economies that could still grow. The Chinese recovery is “going to look very impressive” with a growth of 5%-6% quarter on quarter in April-June, following a contraction in the previous three months, said Michael Spencer, Deutsche Bank’s chief economist and head of research for Asia Pacific.
“The domestic demand part of the Chinese economy has recovered well,” he told CNBC’s “Squawk Box Asia.”Spencer said “a broad range of indicators” — such as auto and property sales — are “returning to normal” in China. The country’s exports have also been better than expected, but could get “a lot worse” in the next few months given the economic weakness in China’s major export destinations, he added.
‘Tough road’ ahead for U.S. economy
The biggest risk to the Chinese — and global — economy is the U.S., according to the economist. He explained that the U.S. is reopening “too soon” from lockdown measures, which could trigger another wave of infections and further rounds of restrictions.
That would leave the U.S. economy struggling, in spite of a surprise jump in employment gains, added Spencer.Steve Hanke, a senior fellow at American libertarian think tank Cato Institute, said the U.S. economy could take many years to recover from the “enormous” damage.
“And to repair it, it’s just not going to happen immediately. I don’t think we will reach the level of pre-crisis GDP until ... 2022 and probably way beyond that,” he told CNBC’s “Street Signs Asia” on Monday.Tensions between the U.S. and China, which have been worsening in recent months, are expected to be “exceptionally sensitive” this year, said Deutsche Bank’s Spencer.
The U.S. is scheduled to hold presidential election in November. Incumbent President Donald Trump will make China “the main part of his reelection pitch” by touting that he’ll be tougher on Beijing than his presumptive Democratic challenger, Joe Biden, added Spencer.So the rhetoric between China and the U.S. has already gotten very worrying, and I think can only get worse through this summer,” he said, adding that “there’s no prospect” for the two countries to conclude the second phase of the trade deal.
The two countries signed the “phase one” trade deal in January, which put a pause to their tariff war that lasted over a year. The Trump administration had aimed to start talks on the second phase of the deal before the U.S. November election.
But even the phase one deal appears to be “hanging on by a thread,” said Spencer. “The risks are that even that phase one ... gets broken or gets abandoned in the next few weeks and months.”
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WoW Classic addons are a great way to address an ironic problem with the
stripped back MMORPG: Everyone wants the pure 'old' WoW experience, but
with the convenience of modern mechanics. Our list of WoW Classic
addons does just that, making Blizzard's vanilla rerun more
user-friendly, and a lot closer to what you might be used to from
playing modern Warcraft. To get more news about Buy WoW Gold Classic Cheap, you can visit lootwowgold news official website.
While WoW Classic addons may not be something you'd associate with the original World of Warcraft, many authors of the currently popular WoW Classic addons have been hard at work to make sure their creations are compatible with WoW Classic.
We've listed a few of the best WoW Classic addons below, as well as what you need to do to install them.Here's where you can download the Twitch app. Once installed, you'll be prompted to log in using your normal Twitch login – visit the Twitch signup page if you don't have one. On the main window, locate and click on the 'Mods' tab which should give you a list of games. Select 'World of Warcraft' and make sure your Classic game installation path is selected in the drop-down in the top right.
From here you can search for new addons to install or update your existing ones. If you're logged into the game when you install or update an addon, you'll need to shut it down completely in order for changes to take effect.
Installing manually:
If you'd rather avoid the Twitch app and install your addons manually, WoWHead has a handy guide that will walk you through each step. For the 'Installing the addon' step, you'll need to locate your addon folder located in the '_classic_' folder, rather than '_retail_'.By default, WoW Classic won't mark quest locations or objectives on your map and instead relies on you actually reading the quest text – the horror! Questie helps you out by adding the locations of quest-givers and quest objectives to your map and mini-map, making it easier to spot quests that you might have missed. It doesn't tell you which order you should do the quests in or give any guidance other than simply highlighting quests that are available to you at your current level.
This is an inventory manager that takes the default bag layout and makes it look much neater by turning it into one container. It also tracks items on alt accounts by displaying which of your characters has the same item, how many, and whether they're stored in the bags or bank. Plus there's a nifty coloured border around items so you can easily tell the quality of the gear or items you have in your bags.
OmniCC adds a numeric cooldown overlay to spells and abilities, giving a more accurate and easy-to-read alternative to the default 'sweep timer' that's present in Classic. It also works with consumables and items that you keep in your bags so you know exactly how long you'll need to wait until the next use.
While WoW Classic addons may not be something you'd associate with the original World of Warcraft, many authors of the currently popular WoW Classic addons have been hard at work to make sure their creations are compatible with WoW Classic.
We've listed a few of the best WoW Classic addons below, as well as what you need to do to install them.Here's where you can download the Twitch app. Once installed, you'll be prompted to log in using your normal Twitch login – visit the Twitch signup page if you don't have one. On the main window, locate and click on the 'Mods' tab which should give you a list of games. Select 'World of Warcraft' and make sure your Classic game installation path is selected in the drop-down in the top right.
From here you can search for new addons to install or update your existing ones. If you're logged into the game when you install or update an addon, you'll need to shut it down completely in order for changes to take effect.
Installing manually:
If you'd rather avoid the Twitch app and install your addons manually, WoWHead has a handy guide that will walk you through each step. For the 'Installing the addon' step, you'll need to locate your addon folder located in the '_classic_' folder, rather than '_retail_'.By default, WoW Classic won't mark quest locations or objectives on your map and instead relies on you actually reading the quest text – the horror! Questie helps you out by adding the locations of quest-givers and quest objectives to your map and mini-map, making it easier to spot quests that you might have missed. It doesn't tell you which order you should do the quests in or give any guidance other than simply highlighting quests that are available to you at your current level.
This is an inventory manager that takes the default bag layout and makes it look much neater by turning it into one container. It also tracks items on alt accounts by displaying which of your characters has the same item, how many, and whether they're stored in the bags or bank. Plus there's a nifty coloured border around items so you can easily tell the quality of the gear or items you have in your bags.
OmniCC adds a numeric cooldown overlay to spells and abilities, giving a more accurate and easy-to-read alternative to the default 'sweep timer' that's present in Classic. It also works with consumables and items that you keep in your bags so you know exactly how long you'll need to wait until the next use.
BOTS ARE TERRORIZING World of Warcraft Classic servers, stealing
precious resources, monopolizing rare monsters, and inflating the
virtual economy with truckloads of illicitly earned gold. Today, WoW
Classic developer Blizzard Entertainment announced it has suspended or
closed over 74,000 WoW Classic accounts over the last month, many of
which were automating gameplay with bots.To get more news about Buy WoW Items Cheap, you can visit lootwowgold news official website.
For months, clusters of bot-driven accounts have trawled around high-level zones, attacking monsters with uncanny precision before rotating toward their next target in robotic 90-degree angles. These in-game characters are operated by scripts, programmed to optimally kill monsters and obtain rare, valuable items that drop from them. Lately, they’ve been targeting the sought-after Black Lotus, a necessary item for some competitive, high-level play.
World of Warcraft Classic is a punishing game by design, a harkening-back to the early days of World of Warcraft. It boasts little of the expediency that defines modern massively multiplayer online role-playing games; everything is an intentionally slow grind. To obtain a Black Lotus, players had to identify the specific spots where they spawn and camp there for between 45 and 75 minutes, waiting and warding off any competitors. For the last several months, when human-run characters attempted to muscle their way into the mix, coordinated groups of bots threatened them or closed ranks around the flower. So in late May, Loknar—who plays a healing priest in WoW Classic but still tries to kill bots whenever he sees them—decided to hold an anti-bot protest in the in-game city of Orgrimmar.
There were over 50 people doing a line walk and yelling,” says Loknar. He was trying to draw attention to the issue, asking passers-by not to buy the Black Lotuses that bots put on the auction house at an inflated 300 gold. (The normal price on most servers, he says, is about half that.) Loknar made a racket, but the mafia knew how to shut him up. The bots mass-reported him to publisher Blizzard for “abusive chat.” Blizzard muted Loknar’s account, and those of other protest participants, for 24 hours. In the meantime, the bots got their Black Lotuses to the auction houses, where they maintained their monopoly.
“Whether they're a mafia, whether they're a crime mob, whether they are a syndicate, whether they're an Illuminati; whatever metaphor you want to use for them, the end result is the players are getting fucked,” says World of Warcraft Twitch streamer Asmongold. “They’re completely arrogant about it. . . they advertise the services that they're going to do and they're hacking while they perform the services.”
Dozens of websites easily found on Google sell code or services that automate the World of Warcraft Classic experience. Some individual players pay to hand their accounts over to a bot to level up their characters in the slow, meditative game while they’re at their day jobs or snoozing. Others turn a profit by automating groups of accounts that kill specific monsters and farm specific resources to earn mass amounts of in-game gold. Some use game-breaking techniques to gain an edge, like flying in the air and massacring rare monsters that can’t fight back. (Characters cannot fly in-game.) Then, they round up the goods.
For months, clusters of bot-driven accounts have trawled around high-level zones, attacking monsters with uncanny precision before rotating toward their next target in robotic 90-degree angles. These in-game characters are operated by scripts, programmed to optimally kill monsters and obtain rare, valuable items that drop from them. Lately, they’ve been targeting the sought-after Black Lotus, a necessary item for some competitive, high-level play.
World of Warcraft Classic is a punishing game by design, a harkening-back to the early days of World of Warcraft. It boasts little of the expediency that defines modern massively multiplayer online role-playing games; everything is an intentionally slow grind. To obtain a Black Lotus, players had to identify the specific spots where they spawn and camp there for between 45 and 75 minutes, waiting and warding off any competitors. For the last several months, when human-run characters attempted to muscle their way into the mix, coordinated groups of bots threatened them or closed ranks around the flower. So in late May, Loknar—who plays a healing priest in WoW Classic but still tries to kill bots whenever he sees them—decided to hold an anti-bot protest in the in-game city of Orgrimmar.
There were over 50 people doing a line walk and yelling,” says Loknar. He was trying to draw attention to the issue, asking passers-by not to buy the Black Lotuses that bots put on the auction house at an inflated 300 gold. (The normal price on most servers, he says, is about half that.) Loknar made a racket, but the mafia knew how to shut him up. The bots mass-reported him to publisher Blizzard for “abusive chat.” Blizzard muted Loknar’s account, and those of other protest participants, for 24 hours. In the meantime, the bots got their Black Lotuses to the auction houses, where they maintained their monopoly.
“Whether they're a mafia, whether they're a crime mob, whether they are a syndicate, whether they're an Illuminati; whatever metaphor you want to use for them, the end result is the players are getting fucked,” says World of Warcraft Twitch streamer Asmongold. “They’re completely arrogant about it. . . they advertise the services that they're going to do and they're hacking while they perform the services.”
Dozens of websites easily found on Google sell code or services that automate the World of Warcraft Classic experience. Some individual players pay to hand their accounts over to a bot to level up their characters in the slow, meditative game while they’re at their day jobs or snoozing. Others turn a profit by automating groups of accounts that kill specific monsters and farm specific resources to earn mass amounts of in-game gold. Some use game-breaking techniques to gain an edge, like flying in the air and massacring rare monsters that can’t fight back. (Characters cannot fly in-game.) Then, they round up the goods.
Coronavirus and the collapse of oil revenue have increased the economic pressure on President Maduro's government
The
Central Bank of Venezuela has launched a legal claim to try and force
the Bank of England to release €930m ($1bn; £820m) worth of gold it
holds.To get more news about WikiFX, you can visit wikifx news official website.
Venezuela, already suffering under US sanctions, says it wants to use the gold's value to tackle coronavirus.
The proceedings follow a request, made weeks ago, asking for the value to be transferred to the United Nations.
Legal documents say the bank wants the transfer made “as a matter of urgency” to buy supplies like food and medicine.
The country has so far reported 618 coronavirus cases and 10 deaths.
Venezuela's
economy has collapsed under the leadership of President Nicholas
Maduro, whose leadership is not recognised by dozens of nations
including the UK and the US.
Millions of people have fled the
country in recent years and shortages of essentials have become
widespread.Selling off gold reserves has become an economic lifeline for
Mr Maduro's government, which is under strict international sanctions.
The legal claim was filed in a London court on 14 May.
The
Central Bank of Venezuela says it wants the funds transferred to the
United Nations Development Programme (UNDP) to administer the purchase
of supplies like medical equipment.
Media captionThe Venezuelan hospital where there's barely running water, let alone medicine
“With
lives on the line, now is not the time to attempt to score political
points,” Sarosh Zaiwalla, a London-based lawyer representing the central
bank, said in a statement.
The UN told the BBC in an emailed
statement only that it had been approached by the Venezuelan bank to
explore such mechanisms.
The Bank of England, which acts as a
gold custodian for a number of developing nations, declined to comment
when asked about the case by the Reuters news agency.
The
legal wrangling comes amid fears about ability of Venezuela's aged
healthcare system to handle a severe coronavirus outbreak.
The country has been under quarantine measures since March, when Mr Maduro declared a state of emergency.
The European Central Bank is on the verge of finally getting proper help
from politicians to fight the regions economic battles, even if it
stays alone on the front line for now.To get more news about WikiFX, you can visit wikifx news official website.
The proposal by German and French leaders for a 500 billion-euro ($546 billion) aid package to help the European Union shake off the coronavirus pandemic is seen by analysts as a significant step toward a stronger common fiscal policy, complementing the euros monetary foundations.
Note: Chart compares Bloomberg Economics estimates of nominal income losses associated with lock-downs in 1H20 with discretionary support offered by governments and the cushion provided by the automatic stabilizers in each country
Thats something ECB President Christine Lagarde and her predecessors have long craved. For starters, the central bank should have to step in less often to prevent debt crises. It should also be less exposed to legal battles that have cast a shadow over its bond-buying programs, and it could even get help hitting its inflation goal.
“The ECB has been doing the heavy lifting of supporting the entire euro-zone economy,” said Andrew Bosomworth, managing director and head of portfolio management in Germany at Pacific Investment Management Co. “Now for the first time we would have the equivalent of a fiscal counterpart.”
Lagarde wont get backup right away. The Franco-German plan must be supported by all 27 EU members, and disputes over whether aid should be grants or loans are already simmering. Even if agreed, money would only arrive next year.
Its also well short of the full fiscal cost of the pandemic, which the ECB puts at between 1 trillion and 1.5 trillion euros, and Bloomberg Economics says could be 2.5 trillion euros in a worst-case scenario.
What Bloombergs Economists Say
“There is at least some willingness to meaningfully share the costs of the crisis with those countries most badly-affected. What we do not yet know is how broad that support is or how deep it would run if the crisis escalated. Even so, its a step in the right direction and should be a source of comfort for the ECB.”
-Jamie Rush, Maeva Cousin and David Powell. Read their EURO-AREA INSIGHT
Before the proposal, most economists expected the ECB to bolster its 750 billion-euro pandemic bond-buying program to soak up debt issuance, perhaps as soon as the June 4 meeting, and theres little sign those predictions are changing.
“The Franco-German deal is very encouraging, but even if it is agreed without dilution, the ECB is likely to remain in ‘preventive easing’ mode,” said Banque Pictet & Cies Frederik Ducrozet. “This is no time to claim victory.”
Yet Italian bond yields did sink on the news, and Lagarde -- who praised the deal as a “testament to the spirit of solidarity and responsibility” -- has reason to be optimistic. Her institution is embroiled in financial, legal and economic battles, and the plan can help with all three.
While the ECBs job is to ensure price stability, its pandemic emergency program also addresses a more urgent need -- stabilizing markets. That means buying vast quantities of Italian government bonds, whose yields were surging because investors fear the indebted country, one of the worst-hit by the virus, would struggle to pay for its fiscal response.
The recovery plan “might make the ECB‘s job easier because it helps to improve market sentiment toward countries like Italy,” said Nick Kounis, an economist at ABN Amro. “If it’s successful, the ECB will have to worry less about dealing with fragmentation across the euro area and focus more on conventional tasks of monetary policy like inflation.”
The EU fund would be backed by countries based on economic size, and issue aid according to need. In effect, heavyweights like Germany would support struggling neighbors such as Italy, though conditions are still to be negotiated.
In an interview published after the proposal, the ECB chief encouraged politicians to combine grants with very long-term loans -- at least 10 years and perhaps 30 years -- at low interest rates.
The proposal by German and French leaders for a 500 billion-euro ($546 billion) aid package to help the European Union shake off the coronavirus pandemic is seen by analysts as a significant step toward a stronger common fiscal policy, complementing the euros monetary foundations.
Note: Chart compares Bloomberg Economics estimates of nominal income losses associated with lock-downs in 1H20 with discretionary support offered by governments and the cushion provided by the automatic stabilizers in each country
Thats something ECB President Christine Lagarde and her predecessors have long craved. For starters, the central bank should have to step in less often to prevent debt crises. It should also be less exposed to legal battles that have cast a shadow over its bond-buying programs, and it could even get help hitting its inflation goal.
“The ECB has been doing the heavy lifting of supporting the entire euro-zone economy,” said Andrew Bosomworth, managing director and head of portfolio management in Germany at Pacific Investment Management Co. “Now for the first time we would have the equivalent of a fiscal counterpart.”
Lagarde wont get backup right away. The Franco-German plan must be supported by all 27 EU members, and disputes over whether aid should be grants or loans are already simmering. Even if agreed, money would only arrive next year.
Its also well short of the full fiscal cost of the pandemic, which the ECB puts at between 1 trillion and 1.5 trillion euros, and Bloomberg Economics says could be 2.5 trillion euros in a worst-case scenario.
What Bloombergs Economists Say
“There is at least some willingness to meaningfully share the costs of the crisis with those countries most badly-affected. What we do not yet know is how broad that support is or how deep it would run if the crisis escalated. Even so, its a step in the right direction and should be a source of comfort for the ECB.”
-Jamie Rush, Maeva Cousin and David Powell. Read their EURO-AREA INSIGHT
Before the proposal, most economists expected the ECB to bolster its 750 billion-euro pandemic bond-buying program to soak up debt issuance, perhaps as soon as the June 4 meeting, and theres little sign those predictions are changing.
“The Franco-German deal is very encouraging, but even if it is agreed without dilution, the ECB is likely to remain in ‘preventive easing’ mode,” said Banque Pictet & Cies Frederik Ducrozet. “This is no time to claim victory.”
Yet Italian bond yields did sink on the news, and Lagarde -- who praised the deal as a “testament to the spirit of solidarity and responsibility” -- has reason to be optimistic. Her institution is embroiled in financial, legal and economic battles, and the plan can help with all three.
While the ECBs job is to ensure price stability, its pandemic emergency program also addresses a more urgent need -- stabilizing markets. That means buying vast quantities of Italian government bonds, whose yields were surging because investors fear the indebted country, one of the worst-hit by the virus, would struggle to pay for its fiscal response.
The recovery plan “might make the ECB‘s job easier because it helps to improve market sentiment toward countries like Italy,” said Nick Kounis, an economist at ABN Amro. “If it’s successful, the ECB will have to worry less about dealing with fragmentation across the euro area and focus more on conventional tasks of monetary policy like inflation.”
The EU fund would be backed by countries based on economic size, and issue aid according to need. In effect, heavyweights like Germany would support struggling neighbors such as Italy, though conditions are still to be negotiated.
In an interview published after the proposal, the ECB chief encouraged politicians to combine grants with very long-term loans -- at least 10 years and perhaps 30 years -- at low interest rates.
The Dollar posted weekly gain due from Covid 19
The dollar posted weekly gains due to fears of spreading waves from the Covid-19 pandemic. The total number of cases in Germany increased by 913 to 173,152 on Thursday and Friday. While the number of dead rose 101 to 7,824 after the country made lockdown relaxation. New cases have also been noted in various countries which loosened lockdown rules, dashing optimism about the recovery of the global economy. To get more news about WikiFX, you can visit wikifx news official website.
With the waning hopes of a global economy recovering quickly, market participants are again after safe haven assets, such as the US dollar. Safe-haven demand increased after renewed tensions between the US and China. President Trump stated that he was reluctant to dialogue with President XI Jinping and said that his party could have cut off relations with China. The pound fell 0.6% last Friday to $ 1.2155, the lowest since March 27, after European Union Brexit negotiator Michel Barnier said on Friday that the third round of talks with Britain was “disappointing”. While the euro also fell after data showing the German economy contracted 2.2% in the 1-2020 quarter. At present the German economy has entered a recession from the 2009 financial crisis.
Spot gold prices touched a 7.5-year high last Friday, while US gold futures rose to a one-month high after disappointing US data. Last Friday's data showed retail sales fell 16.4%, while industrial output fell 11.4%, marking the worst monthly performance for both data because the Covid-19 pandemic nearly paralyzed the US economy. . The price of gold has soared following the escalation of new US-China tensions. Although overshadowed by concerns about renewed tensions between the US and China, oil prices managed to strengthen last week. Sentiment that drives oil prices includes efforts to cut output by oil producing countries. Saudi Arabia said Monday it would cut more production by 1 million bpd in June. Meanwhile, although US President Donald Trump is outraged against China, this can be masked by Chinese data, which led WTI to rise to the $ 30 per barrel area. Data last Friday showed China's industrial output rose 3.9% in April, recovering after falling 1.1% in March.
Oil prices also rose after the number of rigs in the US declined, as well as EIA data that showed US oil reserves fell for the first time in 15 weeks by 745 thousand barrels. On Friday the price of WTI oil rose 6.8% to $ 29.43 a barrel, while Brent rose 4.4% to $ 32.50. During the week WTI rose 19%, while Brent rose 5%. US stock index futures gained amid mixed sentiment after the reopening of the economy around the world was offset by warnings that economic recovery will take a long time. The S&P 500 index rose 0.6%. Meanwhile, Asian stock index futures moved varied. In Asia, the Hong Kong futures index fell, but shares in Japan and Australia strengthened. Focus This Week: Powell, Bailey, Lowe & PMI Data There are three central bank officials who will deliver speeches this week, they are the chairman of the Fed, Jerome Powell, BoE Governor Andrew Bailey, and RBA Governor Phillip Lowe. Another market focus is PMI data services and manufacturing services in the UK and US. Other data that is worth looking at is the US Jobless Claims and the Philly Fed Manufacturing Index. Meanwhile, the Fed will also release its minutes.
The dollar posted weekly gains due to fears of spreading waves from the Covid-19 pandemic. The total number of cases in Germany increased by 913 to 173,152 on Thursday and Friday. While the number of dead rose 101 to 7,824 after the country made lockdown relaxation. New cases have also been noted in various countries which loosened lockdown rules, dashing optimism about the recovery of the global economy. To get more news about WikiFX, you can visit wikifx news official website.
With the waning hopes of a global economy recovering quickly, market participants are again after safe haven assets, such as the US dollar. Safe-haven demand increased after renewed tensions between the US and China. President Trump stated that he was reluctant to dialogue with President XI Jinping and said that his party could have cut off relations with China. The pound fell 0.6% last Friday to $ 1.2155, the lowest since March 27, after European Union Brexit negotiator Michel Barnier said on Friday that the third round of talks with Britain was “disappointing”. While the euro also fell after data showing the German economy contracted 2.2% in the 1-2020 quarter. At present the German economy has entered a recession from the 2009 financial crisis.
Spot gold prices touched a 7.5-year high last Friday, while US gold futures rose to a one-month high after disappointing US data. Last Friday's data showed retail sales fell 16.4%, while industrial output fell 11.4%, marking the worst monthly performance for both data because the Covid-19 pandemic nearly paralyzed the US economy. . The price of gold has soared following the escalation of new US-China tensions. Although overshadowed by concerns about renewed tensions between the US and China, oil prices managed to strengthen last week. Sentiment that drives oil prices includes efforts to cut output by oil producing countries. Saudi Arabia said Monday it would cut more production by 1 million bpd in June. Meanwhile, although US President Donald Trump is outraged against China, this can be masked by Chinese data, which led WTI to rise to the $ 30 per barrel area. Data last Friday showed China's industrial output rose 3.9% in April, recovering after falling 1.1% in March.
Oil prices also rose after the number of rigs in the US declined, as well as EIA data that showed US oil reserves fell for the first time in 15 weeks by 745 thousand barrels. On Friday the price of WTI oil rose 6.8% to $ 29.43 a barrel, while Brent rose 4.4% to $ 32.50. During the week WTI rose 19%, while Brent rose 5%. US stock index futures gained amid mixed sentiment after the reopening of the economy around the world was offset by warnings that economic recovery will take a long time. The S&P 500 index rose 0.6%. Meanwhile, Asian stock index futures moved varied. In Asia, the Hong Kong futures index fell, but shares in Japan and Australia strengthened. Focus This Week: Powell, Bailey, Lowe & PMI Data There are three central bank officials who will deliver speeches this week, they are the chairman of the Fed, Jerome Powell, BoE Governor Andrew Bailey, and RBA Governor Phillip Lowe. Another market focus is PMI data services and manufacturing services in the UK and US. Other data that is worth looking at is the US Jobless Claims and the Philly Fed Manufacturing Index. Meanwhile, the Fed will also release its minutes.
Since WikiFX entered the Nigerian market in Feb. 2020, we have received nearly 900+ complaints against brokers from Nigerian. And these complaints are based on investors real experience. Until now, WikiFX has exposed many forex brokers including Olymptrade, Binomo trade, CRYPTO FX, UniversalFX, aliforex, speedXprofits, EONLINE, IQ option, limpidOptions, GOLDEN FX TRADE, LMFX, OCTAFX, Iron FX, OINVEST etc., among which Olymptrade, Binomo trade, IQ option, and IronFX are complained most.
The forex market in Nigeria is in chaos due to no related laws and regulatory body. This article will present the 4 types of investment fraud in details.To get more news about WikiFX, you can visit wikifx news official website.
The obvious characteristics of forex fraud:
1. Can not withdraw money due to update system of platform.
2. Need to pay COT(cost of transaction )fee before withdrawing.
3. Slippage is seriously out of the normal range.
4. Unable to log into account due to suspension.
5. A non-existent regulatory body. Or the regulatory body uses a limited companys registration number as a regulatory number. Such as “The Financial Commission”, which is an illegal regulatory body.
6.The address showed on brokers website does not match with its registered address. With unreal address and customer contact number, it has potentially high risk of running away.
7.
To earn high profits from Binary options trading combined with bitcoin trading has become the mainstream in the forex field. From many fraud cases, it can be seen that investors still rely on “luck” rather than reliable investment skills. They never consider what the background of a broker is and where the broker come from, on the contrary, they only focus on when they can get high-return profits.
For example, you have 10 dollars BTC and is promised to get double or triple profits in a shorty period time from brokers. And even more exaggerated thing is that you invest 500 dollar, then you can get 5,000 dollars after one week. However, this is a fantasy. Generallythese high-return modelshaveviolated the principle of investment.
The forex market in Nigeria is in chaos due to no related laws and regulatory body. This article will present the 4 types of investment fraud in details.To get more news about WikiFX, you can visit wikifx news official website.
The obvious characteristics of forex fraud:
1. Can not withdraw money due to update system of platform.
2. Need to pay COT(cost of transaction )fee before withdrawing.
3. Slippage is seriously out of the normal range.
4. Unable to log into account due to suspension.
5. A non-existent regulatory body. Or the regulatory body uses a limited companys registration number as a regulatory number. Such as “The Financial Commission”, which is an illegal regulatory body.
6.The address showed on brokers website does not match with its registered address. With unreal address and customer contact number, it has potentially high risk of running away.
7.
To earn high profits from Binary options trading combined with bitcoin trading has become the mainstream in the forex field. From many fraud cases, it can be seen that investors still rely on “luck” rather than reliable investment skills. They never consider what the background of a broker is and where the broker come from, on the contrary, they only focus on when they can get high-return profits.
For example, you have 10 dollars BTC and is promised to get double or triple profits in a shorty period time from brokers. And even more exaggerated thing is that you invest 500 dollar, then you can get 5,000 dollars after one week. However, this is a fantasy. Generallythese high-return modelshaveviolated the principle of investment.
Britain announced an important plan to cut tariffs by 30 billion pounds after Brexit, while also releasing the latest most-favored-nation rate of duty.To get more news about WikiFX, you can visit wikifx news official website.
The British Global Tariff that will replace EUs common external tariffs from January 1st, 2021 centers around the following points:
1.The new British tariff ensures that from January, 2021, 60% of foreign trade will enter the country on WTO terms or through existing preferential access.
2.Britain will promote sustainable economy by cutting tariffs on over 100 different products to support renewable energy, energy efficiency, carbon capture and storage and circular economy. Import tariffs on agricultural produce such as beef and mutton and most of ceramic products will remain unchanged, and a 10% tariff will be applied to automotive.
3.The new tariff plan will be set in pounds and is less complicated than the EU tariffs
The British Global Tariff that will replace EUs common external tariffs from January 1st, 2021 centers around the following points:
1.The new British tariff ensures that from January, 2021, 60% of foreign trade will enter the country on WTO terms or through existing preferential access.
2.Britain will promote sustainable economy by cutting tariffs on over 100 different products to support renewable energy, energy efficiency, carbon capture and storage and circular economy. Import tariffs on agricultural produce such as beef and mutton and most of ceramic products will remain unchanged, and a 10% tariff will be applied to automotive.
3.The new tariff plan will be set in pounds and is less complicated than the EU tariffs