Mexican President Andres Manuel Lopez Obrador on Monday urged international lenders to help craft a new "Marshall Plan" to enable emerging markets to cope with the economic impact of the coronavirus pandemic. Speaking at a regular government news conference, Lopez Obrador said he had put forward the idea during a video call with BlackRock Inc Chief Executive Larry Fink on Saturday.
* Shares up as virus deaths slow in New York, Italy, France. * Oil prices resume slide as Russia-Saudi Arabia delay meeting. * Yen drops as Japan readies for state of emergency. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Rodrigo Campos and Marc Jones.
Argentina's country risk spreads were virtually unchanged as the local peso currency opened a scant 0.12% weaker at 64.99 per U.S. dollar on Monday, traders said, after the government announced it plans to delay local debt payments.
White House advisers have been discussing the possibility of a coronavirus-related U.S. Treasury bond, President Donald Trump's economic adviser Larry Kudlow told CNBC on Monday. Kudlow said this is a time to sell bonds to raise cash for the coronavirus relief efforts and he thought a "war bond" was a great idea.
Canada's main stock index rose on Monday investors drew comfort from a slowdown in coronavirus-related deaths and new cases in many parts of the world. * At 9:43 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 442.8 points, or 3.42%, at 13,381.1. * Death toll from the virus slowed across major European nations including France and Italy.
Latin American currencies firmed on
Monday, coming off four-year lows as optimism over a slowdown in
coronavirus-related deaths and new cases eased some selling
pressure on risk assets.
Kenyan President Uhuru Kenyatta on Monday ordered a halt to all movement in parts of the country affected by the new coronavirus, including the capital Nairobi, a tightening of measures to stem the spread of the outbreak. The order includes a ban on all entry into and exit out of the areas affected.
The Japanese yen dipped and
the Australian dollar outperformed on Monday as risk appetite
improved on optimism that the spread of the novel coronaviurus
in the United States and Europe could be ...
U.S. Treasury yields rose on Monday as
stocks opened strong on hopes that the coronavirus health crisis
may be slowing down in some parts of the United States.
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