‘White House, Senators strike deal on massive stimulus package’ – A historic $2 trillion of spending and tax cuts got agreed between the Trump administration and the Senate yesterday. $500b will be used to back loans including $50b for airline companies. More than $350b will be made available to aid small businesses and $150b will be for hospitals and health-care providers. (Bloomberg)
‘Euro ministers inch toward rescue deal while virus tightens grip’ – Eurozone finance ministers have moved closer to agreeing a rescue package for struggling economies within the bloc. Yesterday, after a two-hour teleconference, detail on a proposal to activate the bloc’s bailout fund emerged. (Bloomberg)
German IFO Business Climate and Sentiment surveys will be released at 9am with an expected reading of 87.9.
US month on month Durable Goods orders are expected to show -1% growth in February, down from -0.2% previously.