- "Black Thursday" smoothly into the "Black Friday"
- Bank of Japan sees no need for immediate interest rate cut
The situation on the stock markets remains very challenging. On Thursday, the US market has collapsed, showing the worst results since the "Black Monday" in 1987. This situation has affected the dynamics of the movement of the Asian indices on Friday. Japanese Nikkei Stock Average fell 6.1% and the Topix index fell 5.4%, the Hang Seng slipped 5.8%, South Korea's KOSPI fell 5.2%. Among the major indexes only Australian S & P / ASX200 able to complete trades in the green, + 0.5%. Investors are increasingly worried that a global pandemic coronavirus will slow the global economy. Prospects for the global economy deteriorated. IHS Markit experts lowered the forecast of world economic growth to 1.7%, noting that the expected zero growth in the euro area, the reduction of the Japanese economy and the growth of only 4.3% in China.
This morning it was reported, citing informed sources, that the Bank of Japan sees no urgent need for a coordinated rate cuts by central banks key. Most likely in the near future, the regulator will leave interest rates unchanged, but will increase the volume of ETF purchases. Just regulator is considering assistance to companies affected by the consequences of the spread of the virus.
News and analyst FORTFS