Tag: US Federal Reserve
Op-Ed: Anchor Capital on how to make money out of equities in the aftermath of the global market collapse
Anchor Capital reviews asset classes across major geographies, with a focus on equities.
The Dow and S&P 500 on Monday suffered their worst plunge since the “Black Monday” crash of 1987, despite the Federal Reserve’s announcement of an emergency $700 billion quantitative easing program and a further 100 basis point cut to interest rates.
Following the announcement of a national disaster in response to COVID-19 by president Cyril Ramaphosa yesterday, most were left wondering if finance minister Tito Mboweni would be announcing a stimulus package today but instead this is what the minister had to say.
Globally central banks are responding to the devastation that coronavirus is causing to their economies. The Bank of England reduced its interest rate ahead of its scheduled meeting and now the US Federal Reserve has introduced a stimulus package to shield their economy from the impact of coronavirus. But is this enough to stave off long term economic harm? Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM joins CNBC Africa for more.