News That China Are Encouraging Some Of Their Larger Companies To Resume Industrial Production Is Having A Positive
Effect On Markets With Risk Appetite Increasing Over The Past 24-hrs.
Although The Number Of Confirmed Cases Continues To Climb, As Of This Morning There Are More 42,500 Confirmed Cases,
China Is Reporting The Daily Rate Of Confirmed Cases Has Fallen By 19% Helping Spark The Increase In Risk Appetite.
This Morning Federal Reserve Chairman Jerome Powell Reiterated That There Would Be No Imminent Changes To Monetary
Policy Noting That Uncertainties Around Trade Have Diminished Following The Signing Of The Phase One US-China Trade
Deal. Powell Described The US Economy As Resilient To Global Headwinds, With Economic Activity Increasing At A Moderate
Pace Over The Second Half Of Last Year. The Fed Are Also Closely Monitoring The Coronavirus Outbreak “which Could Lead
To Disruptions In China That Spill Over To The Rest Of The Global Economy," Powell Said.
This Afternoon The RBNZ Are Widely Expected To Keep The OCR Unchanged With Investors Interested In Whether The
Accompanying Statement Will Focus On Recent Improvements In Our Economic Data Or The Near-term Risks Around The
Coronavirus Outbreak.
Global Equity Markets Have Bouncing Back, - Dow +0.10%, S 500 +0.38%, FTSE +0.71%, DAX +0.99%, CAC +0.65%, Nikkei Closed%, Shanghai +0.39%
Gold Prices Are Marginally Lower, Down 0.7% Trading At $1,565 An Ounce. WTI Crude Oil Prices Have Retraced Yesterday’s
Fall And Are Currently Up 1.8% At $50.44 A Barrel.