SQUAWK BOX, WEDNESDAY 25TH MARCH, 2020

SQUAWK BOX, WEDNESDAY 25TH MARCH, 2020

Done deal…the White House and U.S. Senate finally agree on a massive $2tn stimulus package to mitigate the medical and economic fallout of the Coronavirus outbreak. The rescue agreement – the largest in U.S. history – drives Asian stocks sharply higher, after the Dow stages a massive rebound in its best day since 1933. India launches the world’s biggest lockdown with Prime Minister Narendra Modi ordering its 1.3bn-strong population to stay indoors for 3 weeks to stem the spread of the virus. In Tokyo, Prime Minister Shinzo Abe finally succumbs to pressure and postpones the Olympic Games until next year while in the UK, thousands of retired NHS staff will return to work and a new emergency hospital will be constructed in London’s ExCeL arena in the wake of the largest daily jump in Covid-19 cases.

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Jaksot(1825)

NFP, global earnings in focus

NFP, global earnings in focus

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U.S. nonfarm payroll data in focus

U.S. nonfarm payroll data in focus

Futures stretch into the green on both sides of the Atlantic as investors await a crucial U.S. non-farm payrolls print with the White House aiming to temper expectations. Dutch brewing giant Heineken ...

11 Helmi 27min

Tech rebound lifts Wall Street

Tech rebound lifts Wall Street

Wall Street rebounded during Monday’s session with strong performances from tech giants Oracle, Broadcomm and Nvidia. Asian equities have followed suit but Europe is set to open flat. Embattled UK Pri...

10 Helmi 29min

 Japan's Takaichi bets big and secures landslide super-majority

Japan's Takaichi bets big and secures landslide super-majority

Japanese Prime Minister Sanae Takaichi secures a snap election landslide to pave the way for major fiscal spending. Her decisive victory pushed the Nikkei beyond the 57,000-mark for the first time and...

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U.S. tech sell-off stretches to third day

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The tech rout Stateside looks set to continue into a third day with giants such as Oracle, Palantir and Salesforce all suffering double-digit losses for the week. The gloom is contagious in the crypto...

6 Helmi 27min

Nasdaq sinks for second day as AI jitters prompt massive tech sell-off

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5 Helmi 28min

European corporate earnings in full swing

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UBS posts quarterly profit of $1.2bn and hikes its dividend by 22 per cent and reaffirms its forecasts for the year. The Swiss lender says it is on track to fully integrate Credit Suisse later this ye...

4 Helmi 26min

KOSPI and Nikkei lead global market recovery

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