May 2020
Norges Bank: Policy rate reduced to zero percent
Norges Bank’s Monetary Policy and Financial Stability Committee has unanimously decided to reduce the policy rate to zero percent.
BOE: Bank Rate maintained at 0.1% – May 2020
Our MPC voted unanimously to maintain Bank Rate at 0.1%.
ASIC Disqualifies Company Directors
ASIC has disqualified company director, Mr Yahya Alameddine of Sydney, NSW, from managing companies for the maximum period of five years.
Pershing Pleads Guilty to Mishandling of Client Monies
On 5 May 2020, Pershing Securities Australia Pty Ltd (PSAL) pleaded guilty at the Downing Centre Local Court in Sydney to mishandling of client monies.
Equities Positive on Chinese Export Data, Fiserv & CBS Earnings in Focus
Chinese data helped risk sentiment gain short term boost, but concerns of global recession and escalating multi-front tariff wars keeps rally bearish.
SVERIGES RIKSBANK: Loans in US dollars every second Thursday from 14 May onwards
The Riksbank decided on 19 March to offer loans of up to USD 60 billion to banks against collateral for a period of up to 18 September 2020.
Connectedness of the Dutch Economy Leads to Lower GDP Growth Forecast
The Netherlands has one of the most internationally integrated economies in the world.
Global Equities Mixed, Wall Street to Open Flat on Disappointing Payroll Data
Disappointing data and geopolitical tensions weigh down risk sentiment. But easing lockdown woes to prevent Wall Street from suffering a major loss.
Coronavirus Significantly Upended the Agenda for the Global Organization of Securities Regulators
IOSCO is an organization of global securities regulators like the (SEC) and the (CFTC) in the US and the Financial Conduct Authority in England.
Wall Street to Rebound on Lockdown Easing Cues & Oil Gains
Earnings and macro data set to keep intra-day price action highly volatile in Wall Street today. The global stock market is seeing positive price action.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.