We are likely to see a significant fiscal and monetary stimulus in UK, eurozone and US in coming few days - lots more spending (eg tomorrow’s UK budget) and probably significant easing by Bank of England, ECB and Fed (presumably largely measures to increase flow of cheap...
credit to cash-strapped businesses and individuals, rather than pointless discount rate cuts). But all of that a temporary markets steroid unless spread of virus is decelerated. So what really matters are stats on daily increases in infections, and whether what is...
happening in China and Korea - namely sharp slowdown in new Covid19 cases - is artificial suppression or genuine victory. All eyes therefore on the Italian lockdown and how effective that will be.
