Asia stocks rally, Fed launches limitless QE against economic reality

SYDNEY: Asian stocks rallied on Tuesday as the U.S. Federal Reserve's sweeping pledge to spend whatever it took to stabilize the financial system eased debt market pressures, even if it could not offset the immediate economic hit of the coronavirus.

The numbers were certainly large, with analysts estimating the package could make US$4 trillion or more in loans to non-financial firms. Yet analysts fear it will do little to offset the near-term economic damage done by mass lockdowns and layoffs. A range of flash surveys on European and U.S. manufacturing for March are due later on Tuesday and are expected to show deep declines into recessionary territory.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks rebound, Fed pits endless QE against economic realityAsian stocks were set to rally on Tuesday as the U.S. Federal Reserve's sweeping pledge to spend whatever it took to stabilize the financial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks set to rally as Fed goes limitlessAsian stocks were set to rally on Tuesday as the U.S. Federal Reserve's sweeping pledge to spend whatever it took to stabilize the financial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia: Stocks take further hit amid more lockdowns to fight Covid-19; STI down 7.4%ASIAN shares slumped on Monday as more governments turned to lockdowns to combat the spread of Covid-19, which has killed more than 14,000 people globally. There are now over 330,000 confirmed cases of the disease. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »