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13 Mar 2020

Breaking: US Pres. Trump declares coronavirus as a national emergency

In a scheduled news conference on the coronavirus outbreak, US President Trump addresses the nation and says that “when you compare what we've done compared to other countries, it's incredible.”

Trump declared coronavirus as a national emergency, as expected.

Markets speculated that President Trump to declare a national emergency on Friday to supply more liquidity to fight a pandemic that has killed over 40 people in the US.

This comes after the New York Federal Reserve announced a wave of $37 billion of Treasury bond purchases, adding to Thursday’s liquidity injection.

Mar 13, 2020

Watch Live: President Donald Trump addresses the nation on coronavirus

President Donald Trump addresses the nation on coronavirus after a turbulent week in markets.

Oil: WTI rises on Friday, ends week 24% lower; Trump says US will buy oil

Crude oil prices rose on Friday, gaining around 2% something practically insignificant with the volatility seen during the week. The WTI barrel settle