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27 Jan 2020

Singapore’s TradeMin: Coronavirus outbreak will hit Singapore's economy this year - Reuters

Singapore’s Trade Minister Chan Chun Sing told Reuters on Monday, Singapore’s economy will be impacted by the outbreak of a new coronavirus that originated in China and has spread to the city-state.

Key Quotes:

There will certainly be an impact on our economy, business and consumer confidence this year especially as the situation is expected to persist for sometime.

Tourism-related sectors were of immediate concern and the government was ready to support firms and workers.

Singapore has reported four cases of the coronavirus that has killed 80 people in China so far and the crisis seems to be accelerating.

  • Chinese Health Official: Coronavirus crisis is accelerating

Most Asian currencies are under pressure amid broad risk aversion fuelled by the rising Coronavirus contagion risks and its implications on the global economy.

However, the safe-haven yen is strongly bid, as USD/JPY looks to fill in the bearish opening gap, having hit over two-week lows at 108.73 earlier this Monday.

Jan 27, 2020

PMIs for Euro area, UK and the US supportive for growth outlook – ANZ

Analysts at Australia and New Zealand Banking Group (ANZ) provide a quick analysis of the PMI reports released last Friday on both sides of the Atlant
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Jan 27, 2020

GBP/USD registers three-day losing streak with eyes on BOE, Brexit

GBP/USD stays on the back foot while declining to 1.3060 ahead of the London open on Monday. The pair bears the burden of Brexit anxiety and fears of
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