Vice President of the European Central Bank said that he will use all methods to deal with the impact of the COVID-19 on the economy
ECB Deputy Governor Jindos said that the global COVID-19 epidemic may disrupt economic growth. The ECB will remain vigilant and will closely monitor all newly released data. The central bank’s forward-looking guidance will guide the direction of monetary policy. In any case, the Management Committee
We will always be prepared to adjust all tools appropriately to ensure that inflation continues to move closer to its target. Jindos’s remarks further strengthened the market and will take loose measures against major central banks in the world in order to cope with the possible disruption of economic growth in the event of a new coronavirus epidemic.
Many analysts failed to determine the situation of US stocks
After being heavily sold last week due to concerns about the New Crown Virus epidemic, US stocks rebounded strongly overnight. Expectations of the Fed’s interest rate cuts pushed US stocks up. In addition, three Democratic presidential candidates announced their withdrawal, and two of them announced their support for the former vice president
Deng, leading to the rapid growth of his campaign momentum, also contributed to the market’s risk sentiment. However, as concerns about the New Coronavirus epidemic continue, many analysts remain relatively cautious about whether the worst period for US stocks has passed.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.