A new stimulus package agreed by the Senate and the White House is now due to pass through Congress, and the dollar has weakened slightly on hopes that this will bring stability. This morning, we’ll see a series of data releases for the US. Figures are expected to show a surge in unemployment benefit claims as people lose their jobs due to the rapid spread of the coronavirus.
Despite a new stimulus package agreed by the Senate and the White House, investors are still worried about the impact the virus will have on the markets and economy. The markets are also still digesting unprecedented steps taken by the Federal Reserve, which were released on Monday.
New orders for US manufactured durable goods increased 1.2% month-on-month in February, before coronavirus hit the US economy.
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