However, the BOE decided to postpone a cut, thus following the US’s Wednesday decision by keeping interest rates in a range between 1.5% and 1.75%, where it has been since the latter part of last year.
In addition to that, in the coming months, it will continue to pay into the EU budget and comply with any changes to EU law. Finally,As for the FOMC decision, it should be noted that interest rate on excess reserves rose by 5bps to 1.60% vs 1.55%. Of worrying concern is that the coronavirus is becoming a worldwide problem. WHO declared coronavirus a global health emergency, however, it does not mean that governments should impose travel or trade restrictions on China.
However, coronavirus does have a serious effect on the financial markets. European stocks closed lower as new coronavirus cases were confirmed;Amazon stock rose Apple, Microsoft, Tesla, AT&T, McDonalds, MasterCard, Dow, General Electric and Boeing also pushed the index back up to the sky by reporting better than expected profits.1. New orders for US manufactured durable goods increased 2.4% from a month earlier in December 2019, rebounding from an upwardly revised 3.1% drop in the previous month and beating forecasts of a 0.4% rise.
Musang King find's its way to affordability of common Msian's..Now the will look to please domestic market..