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MARKET UPDATE
European Stocks Fall 12% For The Week, Its Worst Since October 2008, as Coronavirus Grips Markets
Friday, 28 February 2020 23:58 WIB

European stocks extended a historic week of losses on Friday as the coronavirus outbreak continued to pummel global markets into correction territory. The pan-European Stoxx 600 closed 3.8% lower at 374.69 as markets around the world tanked. The benchmark lost 12.7% for the week, its worst since October 2008 at the height of the global financial crisis. Basic resources dropped 4.6% to lead...

ECONOMY
U.S. Consumer Confidence Edges Up to Six-Month High on Outlook
Tuesday, 25 February 2020 22:17 WIB

U.S. consumer confidence edged up to the best level in six months on an improvement in expectations, signaling that solid employment and cheap fuel are helping Americans look past concerns about the spread of the coronavirus. The Conference Board™s reading increased to 130.7 from a downwardly revised 130.4 in January, according to data from the New York-based group Tuesday that fell...

COMMODITY
Sterling tumbles to 2020 lows as investors dash for safety
Friday, 28 February 2020 23:41 WIB

The pound dropped sharply on Friday, losing nearly 1% against the euro and the dollar as worries about the fast-spreading coronavirus sent investors out of currencies deemed riskier. As investors rushed for the safe-haven Japanese yen, Swiss franc and U.S. dollar, sterling fell to its lowest against the dollar since October. Other currencies closely linked to risk sentiment also tumbled - the...

GLOBAL
Estonia, Lithuania Report First Cases of Coronavirus
Friday, 28 February 2020 23:31 WIB

Two Baltic countries have reported their first case of coronavirus, each with mild symptoms. Lithuania confirmed its first case Friday, detected in a woman who returned home after attending a conference with colleagues in Italy's northern city of Verona. The 39-year-old woman has mild symptoms and has been isolated in hospital in the northern town of Siauliai following her...

FISCAL & MONETARY
Fed officials more upbeat about the economic outlook this year, minutes show
Thursday, 20 February 2020 02:35 WIB

Federal Reserve officials and the central bank™s staff said the U.S. economy seemed stronger in late January than they had expected, according to minutes of their late-January meeting released Wednesday. The risks to the outlook were more favorable than had appeared at their meeting in mid-December. There were concerns expressed during their discussions about the threat...

ECONOMIC CALENDAR
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MARKET REVIEW

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