Offbeat MARKETS - Wall Street firmer - Fed protocols in view

18:06  20 may  2020
18:06  20 may  2020 Source:   pressfrom.com

You don't have to be afraid of inflation

 You don't have to be afraid of inflation © Torsten Silz / DZ Bank Once again the fear of inflation is at stake. This time, as has been the case in recent years, the triggers are the large bailout programs of the central banks. Worldwide interest rates were lowered, liquidity pumped into the markets and assets bought. In the Corona crisis, these programs generally exceeded the trillion mark in the larger countries. There is no end in sight. The enormous use of central banks is not a new phenomenon.

Frankfurt, May 20 (Reuters) - Wall Street continues to be dominated by the hope of a rapid economic recovery. The three major stock market indices rose 1.3 percent each on Wednesday. The Dow Jones index of the standard values ​​stood at 24,524 points, the broader S&P 500 at 2960 points and the index of the technology exchange Nasdaq at 9311 points.

Too big price jumps are not expected, but also no downward trend, said economist Simona Gambarini from capital economics. "As the lockdowns are eased and the coronavirus epidemic is brought under control in more and more countries, a certain recovery in the economy is already factored into stock prices." Investors hoped for further support for the sectors affected by the crisis. Treasury Secretary Steven Mnuchin and Fed Chairman Jerome Powell signaled on Tuesday to consider taking further measures to mitigate the consequences. Investors will try to read what these might look like from the minutes of the recent Fed meeting. These will be published in the evening (CEST).

MLBPA submits response to MLB's player-safety proposals

  MLBPA submits response to MLB's player-safety proposals Find out the latest on COVID-19's impact on the sports world and when sports are returning by subscribing to Breaking News push notifications in the Sports and COVID-19 section. The Major League Baseball Players Association submitted its response to MLB's recent 67-page proposal for player-safety protocols on Thursday, according to Evan Drellich of The Athletic. The response includes notes on the following areas: The frequency of coronavirusThe response includes notes on the following areas:

A quarterly result above market expectations drove shares in the hardware store chain Lowe's by more than four percent. Because many Americans used the Corona Virus pandemic contact restriction period for renovations, profits rose at the start of the year.

Encouraging test results for a coronavirus vaccine gave Inovio a jump. The shares of the pharmaceutical company rose by almost eleven percent. According to company information, animal experiments were successful. First results of human tests are expected in June.

(Reporter: Medha Sing, written by Anika Ross, edited by Georg Merziger If you have any questions, please contact the editorial team on 069-7565 1236 or 030-2888 5168)

Ford requires visitors to wear masks but unclear if Trump will comply .
Ford Motor Co on Tuesday reiterated its policy that all visitors to its manufacturing plants must wear a mask but did not say if it would require U.S. President Donald Trump to comply during a planned visit. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); Trump plans to visit a Ford plant in Ypsilanti, Michigan, on Thursday that is being used to manufacture ventilators. It is not clear if the second-largest U.S.

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