Exclusive: G7 draft statement on coronavirus response does not detail fiscal, monetary steps - source
The Group of Seven industrial powers are crafting a statement for their finance leaders to issue on countering the impact of the coronavirus, but for now it does not specifically call for new government spending or coordinated interest rate cuts by central banks, a G7 official with direct knowledge of the deliberations told Reuters on Tuesday.Most of the major equity futures are retreating from earlier gains with Nikkei futures now down 245.
Global financial markets rallied sharply on Monday as central banks from Japan, Britain and France followed the U.S. Federal Reserve in saying said they stood ready to support the global economy and the French finance minister promised “concerted action.”...MORE
Earlier:
Professional Level Messaging: G7 Finance Ministers Plan Call For Tuesday
