By Hussein Sayed, Chief Market Strategist at FXTM Risk-on sentiment has returned once again with Wall Street leading a significant rally on Wednesday. The Dow Jones Industrial Average soared 4.5% to close
The coronavirus (COVID-19) outbreak will likely trigger payouts for $132.5 mln in pandemic catastrophe bonds sponsored by the World Bank’s Pandemic Emergency Financing Facility (PEF) for eligible countries to mitigate the impact
Some 400 people have self-isolated with another 5 in quarantine, after returning to Cyprus from a trip to an area with a COVID-19 outbreak. The people who have self-isolated themselves at home
The Cyprus maritime sector is taking all necessary measures to protect crews and passengers from coronavirus outbreak that is affecting international trade with public health a primary concern, as well as the
By Han Tan, Market Analyst at FXTM Most Asian currencies are gaining against the US Dollar after the Federal Reserve lowered US interest rates by 50 basis points. The Fed’s surprise move
Cyprus Energy Minister George Lakkotrypis has put himself under self-isolation after returning from a private trip to northern Italy, where there is an outbreak of the novel Coronavirus. Government spokesperson Kyriacos Koushos
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility, according
Cyprus health authorities urged travellers returning from northern Italy, South Korea, Iran, Japan, Singapore, and Hong Kong to self-isolate to help prevent a possible spread of the Covid-19. The Health Ministry committee
By Lukman Otunuga, Senior Research Analyst at FXTM A sense of optimism over global central banks and governments acting with a co-ordinated policy response has revived appetite for riskier assets. Shares in
By Han Tan, Market Analyst at FXTM Global stock markets are spiralling downwards and set for their worst week since the Great Financial Crisis, with the Dow Jones and the S&P 500