Archives of “March 2020” month

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Tokyo Olympics rescheduled to 23 July 2021

  
  Analysis
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TBS reports on the matter

One year and four months feels like an eternity with the world in its current state. If there is no medical breakthrough, who is to say that we won’t be having this same conversation about postponing the Olympics in Q1 next year.

But if the world does return back to normal, one can tend to expect a heavier summer lull in trading especially with the Euro 2020 also postponed to next year.

Singapore’s central bank reduces slope of currency band to zero

  
  Analysis
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The Monetary Authority of Singapore adjusts monetary policy for the country through currency control, not via interest rates.

MAS says it will adopt a zero percent per annum rate of appreciation of the policy band starting at the prevailing level of the SGD NEER

  • there will be no change to the width of the policy band.
  • Says this policy decision hence affirms the present level of the S$NEER, as well as the width and zero percent appreciation slope of the policy band going forward
  • core inflation is likely to remain below its historical average in the near and medium term
  • Says MAS’ money market operations will at the same time provide sufficient liquidity to the financial system
  • will continue to be vigilant over developments in the economy and financial markets, and stands ready to curb excessive volatility in the SGD NEER
  • says both MAS core inflation and CPI -all items inflation are expected to average between −1 and 0% in 2020
  • says external sources of inflation are likely to weaken in the near term amid the global downturn
  • resident unemployment rate is expected to rise and wage growth ease
more to come

UK – Intensive care for coronavirus limited to those “reasonably certain” to survive

  
  Analysis
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UK Telegraph on a statement from a major NHS London trust has conceded

  • A department head at Imperial College Healthcare
  • Intensive care for coronavirus patients is now being limited to those “reasonably certain” to survive
  • because so many serious cases require a fortnight on the machines
Tele is gated, but if you can access, link 

This dreadful development comes as not surprise. ‘Triage’ conditions have been in place across Europe, China and elsewhere.

UK Telegraph on a statement from a major NHS London trust has conceded

US President Trump no longer pushing the US economy to reopen by Easter

  
Analysis, Economy
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I noted this already but its worth a separate post.

At this briefing to the press:
Says he is extending the government on dealing with virus outbreak to April 30
These are the social distancing and related guiltiness.
What this means is that Easter is no longer Trump’s target for reopening the US economy:
  • “that was aspirational’.
  • “We will be extending our guidelines to April 30 to slow the spread. On Tuesday, we will be finalizing these plans and providing a summary of our findings.”
  • “We can expect that by June 1 we will be well on our way to recovery.”
Says Easter expected to be the peak period of infection.

At least eight strains of the coronavirus are making their way around the globe

  
  Analysis
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Check this out for more, a snippet from the piece:

  • While researchers caution they’re only seeing the tip of the iceberg, the tiny differences between the virus strains suggest shelter-in-place orders are working in some areas and that no one strain of the virus is more deadly than another. 
  • They also say it does not appear the strains will grow more lethal as they evolve. 
  • “The virus mutates so slowly that the virus strains are fundamentally very similar to each other,” said Charles Chiu, a professor of medicine and infectious disease at the University of California, San Francisco School of Medicine.
Check this out for more, a snippet from the piece: 
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