Bundles

27 March 2020

Covid-19 crisis: What you need to know

The Covid-19 crisis is tightening its grip on global markets around the world. These are ING's key thoughts and reactions to this week's extraordinary developments, from the dollar to jobs, from central banks to market rates

In this bundle

US fiscal package: Signed, sealed, delivered?

A $2 trillion fiscal package has been agreed and will be voted on today. A clear positive development that the economy desperately needs, but with…

US: unemployment surge is just the first wave

Even in the knowledge that tens of thousands of businesses shuttered in response to Covid-19 containment measures, the 3.3 million spike in initial claims…

Watch: The European coronavirus response; is it enough?

Expect more spending commitments to be promised by eurozone governments in the coming weeks. That's Bert Colijn's prediction as he compares what…

Global FX: Glimmers of hope

Measures taken on both the fiscal and monetary front and signs of reducing USD funding squeeze suggest that global FX markets may be about to exit the…

Mexico

Mexico: A “perfect storm” scenario sets in

Mexico may witness the largest economic contraction among its LATAM peers in 2020. A large GDP contraction, together with the financial difficulties faced…

New Zealand

What the Kiwi ‘bazooka’ means for NZD

The Reserve Bank of New Zealand has joined major central banks in starting quantitative easing and will buy NZD 30bn (around 10% of GDP) worth of New…

China

China: Worst-ever profit data for factories

Industrial profits fell sharply in China's state-owned and privately-owned enterprises in January and February. What can we expect for March and April?

Opinion

By Robert Carnell

Buy or sell the rally

What you need to consider now is, are the stimulus measures in place sufficient to justify buying risk assets against the moving target of the spread of…

Czech Republic

Czech National Bank Review: The big winner is the koruna

The Czech National Bank cut rates by 75bp today but the total package of measures disappointed. After the latest MinFin comments, the CNB planning on…

Trade

Dutch debit card transactions decline sharply due to Covid-19

Covid-19 is beginning to hit the Dutch economy, and the confinement measures to halt the spread of the virus are affecting the way consumers spend money.…

Spain

Why Spain’s economy is more sensitive to the Covid-19 shock

For a country that was already slowing down and had more than three million people unemployed before the coronavirus crisis hit, Spain's economy is…

France

France: An economy in shock

Based on innovative methods, INSEE has managed to estimate that the French economy was only operating at two-thirds of its capacity during the first week…

Rates

Rates Daily: All PEPPed up

The US crisis response has been huge. The Eurozone is right up there too; the ECB showed its determination to support bond markets by ditching the issuer…

and

India

India: Complete lockdown to break Covid-19

The three-week nationwide lockdown will significantly dent India’s GDP growth, making this an even worse year for the economy than the 2008 Global…