Global Markets     The worsening COVID-19 pandemic has resulted in governments restricting the movement of its citizens to contain the spread of infection. Policymakers also unveiled large-scale stimulus measures to cushion the economic impact of the pandemic. In the US, the Fed introduced broad QE programmes with unlimited commitment to purchase USTs and MBS. In Europe, the ECB ann...

Global Markets     IHS Markit’s flash reading for the US Composite Output Index registered the steepest contraction in more than six years amid COVID-19 outbreak. In Europe, the ECB said that policy easing measures and a fiscal push are needed for inflation to return. In the UK, pay growth moderated in the private services sector but remained steady in the public services se...