Yesterday, the Fed was the focus of attention & the increase in Covid 19 infections could put further pressure on the economy. Update from the Investment Division.
![FOMC Meeting – Update from the Investment Division FOMC Meeting – Update from the Investment Division](https://blog.en.erste-am.com/wp-content/uploads/2020/07/renan-kamikoga-4-p6-JH7xI-unsplash-1-scaled-1-370x210.jpg)
Yesterday, the Fed was the focus of attention & the increase in Covid 19 infections could put further pressure on the economy. Update from the Investment Division.
In one hit the Black Eyed Peas sang “I just can’t get enough”. Even governments and central banks seem to have fallen in love with economic stimulus packages. Update from the Investment Division.
The markets for risky assets ended last week with losses. The main reason was the escalating tensions between China and the US. Update from the Investment Division.
The EU heads of state and government have agreed on a billion euro aid package. It is the largest in the history of the EU. Update from the Investment Division.
The weekend was marked by marathon talks between EU leaders. So far, no agreement has been reached. Update from the Investment Division.
Canada’s central bank has left the key interest rate unchanged and no change in monetary policy stance is expected at today’s meeting of the Governing Council.
The stock markets continue to be caught between the economic recovery on the one hand and the rising number of new infections in the USA on the other. Update from the Investment Division.
After the easing measures new global infections continue to rise. The stock markets remain unimpressed by this. Update from the Investment Division.
Asian stock exchanges traded significantly higher & new infections with the Covid-19 virus reach new record levels. Update from the Investment Division.
Consumer confidence is rising in the USA. An index that measures consumer confidence is the largest growth and has clearly exceeded expectations for the index. Update from the Investment Division