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Rating agency reaffimred the United States of America at 'AAA'with Outlook Stable Thirsday. However warns high fiscal deficits and debt which were already rising even before coronavirus are starting to erode these credit strengths.

In response to the Coronavirus panic effect on world economies the IMF issued a statement Monday that it's ready to mobilize a $1 trillion loan capacity to fight the virus. This is crucial where emerging markets unable to tap debt markets,

Desperate times call for desperate measures. Hong Kong has announced handouts to its population to turn around sentiment. The country says that registration for cash handout to start in early July. The move is likely a blue print for greater China.

New Zealand Prime Minister Jacinda Ardern announced Tuesday that the country will have a general election on September 19, 2020, yes seven months away. Expect a lot of electioneering in NZ. The election was due by November 21.

Turkey's Lira hit a 7 month low after the U.S. assassinated Iranian Maj. Gen.Soleimani in an airstrike. Iran's Supreme Leader Ayatollah Ali Khamenei Swore retribution after the US Turkish state lenders sold up to $1.5 billion to stem the lira’s fall on Friday,

Eight West African countries have agreed to sever a common currency from France. The countries have agreed to change the exisating bloc currency to Eco from CFA Franc and sever currency ties to its old colonial master.

Rating agency Fitch affirmed UK at 'AA' and removed them from Rating Watch Negative (RWN). The Outlook is Negative. Forecast highly likely UK leaves EU with an agreement on Jan 31 2020. Uncertainty regarding future of UK and EU relations for some time.

China is likely to list at least 10 out of 30 institutions as domestic systemically important banks (D-SIBs) Fitch ratings estimates and based on the regulator's draft consultations and could influence views over systemic importance for some banks.

Fitch issued a note on Uruguay after the narrow victory of Luis Lacalle Pou of the center-right National Party after 15 years of rule by the center-left Frente Amplio. Pou faces the challenge of reducing a large fiscal deficit in the face of low growth.

Fitch Ratings is out with a note lowering its outlook on Japanese insurers. They lowered their rating to stable from positive. See biggest risks for Japanese insurers will continue to stem from financial markets in 2020.

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