10:05 a.m. June 24, 2020
- By Andrea Riquier
Canadian ETFs lose ground as Fitch cuts sovereign ratingExchange-traded funds made up of Canadian securities slumped Wednesday in the wake of a sovereign debt downgrade. Fitch Ratings on Wednesday cut the country's rating to AA+ from AAA, citing "deterioration of Canada's public finances in 2020 resulting from the coronavirus pandemic." The ratings agency noted that Canada will run a much larger general government deficit in 2020 and emerge from recession with much higher public debt ratios. The iShares MSCI Canada ETF was 2.2% lower in the early afternoon, as was the JPMorgan BetaBuilders Canada ETF .
6:28 p.m. May 20, 2020
- Associated Press
China focused on creating jobs as People’s Congress meets Huge pressure to get economy going again after coronavirus shutdownAs job losses surge, China is joining the United States and other governments in rolling out stimulus spending to revive its virus-battered economy.
2:46 p.m. May 12, 2020
- By Joy Wiltermuth
Fed spells out terms of TALF rescue facility, potentially paving way to unleash funds in weeks Fed facilities already providing ETF boostThe Federal Reserve on Tuesday laid out specifics for participants in its $100 billion Term Asset-Backed Securities Loan Facility to keep credit flowing to U.S. consumers and businesses during the pandemic, potentially paving the way to kick off the program in mid-June.
3:28 a.m. May 12, 2020
- By Tanner Brown
China shares stagnant this week despite Beijing hints at ‘more powerful’ stimulus PBOC’s quarterly report marks shift in tone from conservative to more flexible tools to fight slowdownThe PBOC’s quarterly report marks shift in tone from conservative to more flexible tools to fight slowdown
2:59 a.m. April 30, 2020
- By William Watts
ECB’s emergency response to coronavirus economic crunch applauded — but more help likely to be needed ECB may stand pat Thursday, but more action expected in near futureTo European Central Bank President Christine Lagarde’s relief — actions did speak louder than words. The question for investors is whether more action is in store this week.
1:03 a.m. April 29, 2020
- By Barbara Kollmeyer
European stocks struggle amid earnings deluge, but banks and oil companies rise IAG tumbles after BA announces 12,000 job cutsEuropean stocks struggled for traction on Wednesday, on a busy day for earnings that overall reflected the deep difficulties facing companies amid the coronavirus outbreak.