Chart of the Week : Chicago Fed National Activity Index
The broadest indicator of the US economy confirms that a recession is unlikely this year.
EM equities go red on 2019-nCoV, Italian election result lifts sentiment
The market has been caught by surprise as the Chinese coronavirus has worsened beyond initial expectations with 56 million people in lockdown to contain the virus. In Europe, Italian equities are responding positively to the election results over the weekend seeing Salvini's rightwing coalition losing out in the important Emilia-Romagna region.