Number of unemployment insurance applications, GDP and other notable economic indicators released! “March 26 Highlights and Event Schedule”

Yesterday, when news spread that the United States corona-related budget plan had been agreed with the Democratic Party, stock prices rose.

The budget is expected to be passed within today.

Germany has approved 750 billion euros in fiscal expenditure.

Fiscal spending across countries seems to be supporting stock prices.

There is keen attention on whether the financial and fiscal policies of each country can support the economy amid the COVID-19 expansion.

◎ Today's Focus

1) US Jobless Claims

Today’s US unemployment insurance claims are coming in with exponential expectations.

Last time, the result was 281,000, while Goldman Sachs’ forecast for this time was 2.5 million.

Forecasts vary, but each projection is off by an order of magnitude.

We are watching what numbers will be released today and how this result will affect next month’s employment statistics.

2) Stock Market Rise

The Nikkei average has continued to rise this week, climbing from briefly breaking below 16,000 to around 19,000.

The Dow average has risen by nearly 4,000 dollars over these two days.

The speed of the decline was fast, but the pace of the rebound is also very rapid.

However, it is unlikely this trend will continue indefinitely.

In this corona shock, it is undeniable that the real economy is affected, and stock prices will not simply return to their previous levels.

We’ll be watching how far they recover and what could trigger another downturn.

3) G20 Emergency Video Summit

A G20 leaders’ summit is scheduled; we are watching what statements will be released.

Because it is a leaders’ summit, it may not be about infection control measures, but the contents of the G20 declaration could influence stock prices and other markets.

If concrete measures that could lead to economic stagnation are announced, there is potential for a significant shift toward risk-off, so caution is advised.

◎ Today’s Event Schedule

Thursday, March 26

G20 Leaders Emergency Video Conference

16:00 EUR Germany Gfk Consumer Confidence Index

16:00 GBP UK Retail Sales

20:00 TRY Turkey Central Bank Monetary Policy Decision Meeting Minutes

21:00 GBPBOE (Bank of England) Policy Rate, Statement, MPC Vote Split, Minutes Release

21:30 USDUS Initial Jobless Claims and GDP (Final)

04:00 MXN Mexico Policy Rate Announcement

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