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Germany's Altmaier: Measures to cushion impact of coronavirus worth several billion euros

"We expect coronavirus to impact the supply chains in the industrial sector in the coming weeks," German Economy Minister Peter Altmaier said on Tuesday.

The government measures they will take to cushion the impact of coronavirus will be worth billions of euros, Altmaier explained."The cabinet will pass more flexible short-time work rules on Wednesday to help companies bridge liquidity problems."

EUR/USD reaction

The EUR/USD pair edged higher on these remarks and was last seen trading at 1.1390, still down 0.5% on the day.

S&P 500: Dead cat bounce – Rabobank

Following the worst session since the global financial crisis of 2007/08 the markets are in a recovery mode today with European stocks and US futures
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AUD/USD steadies near 0.6550 as markets wait for US response to coronavirus

After slumping to its lowest level in 11 years at 0.6320 on Monday, the AUD/USD pair recovered the majority of its daily losses and closed at 0.6600 b
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