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5 Mar 2020

Italy asks EU to raise budget deficit by 0.35 percentage points of GDP to tackle coronavirus

Italy has asked the EU for permission to raise its budget deficit target by 0.35 percentage points of its GDP to tackle coronavirus, Reuters reported on Thursday, citing a government source familiar with the matter.

Meanwhile, Italian Prime Minister Conte said that they have set aside 7.5 billion euros to help the economy in face of coronavirus. "March 29 referendum on cut in the number of lawmakers will be delayed, with no new date set," Conte added.

EUR/USD reaction

The EUR/USD pair edged lower in the last minutes and was last seen trading at 1.1175, still up 0.35% on a daily basis.

Mar 5, 2020

United States EIA Natural Gas Storage Change came in at -109B below forecasts (-108B) in February 28

US NFP Preview: Expected to be at trend

The Bureau of Labor Statistics (BLS) a division of the US Department of Labor will issue its Employment Situation Report for February on Friday, March