Guardian Stockbrokers Key Economic News Monday 30 March 2020

PUBLISHED:
 30 Mar 2020 @ 09:19
 
|
 
Comments (0)
 
|
 

Share On Facebook

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

©

US consumer sentiment index dropped in March

In the US, the final consumer sentiment index registered a drop to a level of 89.10 in March, compared to a level of 101.00 in the prior month.

BoC slashes its key interest rate, unveils quantitative easing programs

The Bank of Canada (BoC), at its latest monetary policy meeting, trimmed its benchmark overnight interest rate by 50 basis points to 0.25%, in an effort to support the Canadian financial system and the economy during the coronavirus pandemic. Additionally, the central bank has unveiled two new programs, the Commercial Paper Purchase Program (CPPP), which aims to alleviate strains in short-term funding markets, while the second will see the central bank begin acquiring federal government securities in the secondary market with a minimum of $5.0 billion per week.

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world’s leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access ‘Level 2’ data on all of the world’s key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *