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U.S. Optimism, Virus Blow, Labor Market Fallout: Eco Day

U.S. Optimism, Virus Blow, Labor Market Fallout: Eco Day

(Bloomberg) --

Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • The coronavirus is delivering a one-two punch to the world economy, laying it low for months to come and forcing investors to reprice equities and bonds to account for lower company earnings
  • Trump’s economic adviser’s penchant for optimism may become a liability as businesses and investors await a more robust policy response to the coronavirus pandemic
    • Meanwhile, U.S. lawmakers agreed on a $7.8 billion emergency spending bill to fund the government’s response to the virus
    • America’s streak of robust job gains is being threatened by the virus that may exact a growing toll on the economy. Data Friday is projected to show payrolls increased 175,000 in February, below January’s pace
  • Just 14 central banks around the world are female-led, representing less than a third of the world economy, according to the Official Monetary and Financial Institutions Forum. Still, an index of gender balance has improved, reflecting progression within senior positions and the appointment of more women to deputy governor positions
  • Asian governments have opened up the fiscal spigots to fight the worldwide spread of the coronavirus outbreak. Here’s a look at what’s been announced so far
  • Economists searching for clues on how fast the Chinese economy is getting back on its feet are starting to generate a new must-watch number: the resumption rate

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Fergal O'Brien at fobrien@bloomberg.net

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