Goldman: "The virus deterioration and the resulting more severe restrictions have persuaded us to cut our Q1 UK and Euro area GDP numbers into negative territory "
The fiscal and monetary stimulus is unlikely to ease off in 2021. The longer coronavirus ravages and keeps economies shut down, the more likely Governments are going to be forced to pass temporary relief packages. The Biden administration has already made it clear that they plan on a multi-trillion dollar package. This package will likely be the last short leg down for the dollar, before we start seeing a wave of insolvencies and credit crunch amongst EM countries and exporting nations that sends the dollar rocketing higher.
US Indices futures point to declines across the market as new week of trading begins.
DOW -0.96%
NDX -1.01%
SPX -0.92%
RUT -1.36%
The fiscal and monetary stimulus is unlikely to ease off in 2021. The longer coronavirus ravages and keeps economies shut down, the more likely Governments are going to be forced to pass temporary relief packages. The Biden administration has already made it clear that they plan on a multi-trillion dollar package. This package will likely be the last short leg down for the dollar, before we start seeing a wave of insolvencies and credit crunch amongst EM countries and exporting nations that sends the dollar rocketing higher.
US Indices futures point to declines across the market as new week of trading begins.
DOW -0.96%
NDX -1.01%
SPX -0.92%
RUT -1.36%