China signaled they will increase fiscal and monetary stimulus this year

China’s top leaders signaled they will increase fiscal and monetary stimulus this year, as the coronavirus outbreak hammers the world’s second-biggest economy. At a Friday meeting chaired by President Xi Jinping, officials pledged to be more “proactive” in using fiscal policy and exercise “more flexibility” in monetary easing. The wording indicates a greater easing bias compared with the stance that was endorsed at a top-level economic meeting in December, where the Communist Party leadership laid out stimulus plans for 2020. (Bloomberg)

The U.S. will sign military deals worth more than $3 billion with India on Tuesday, President Donald Trump said at the start of a two-day state visit to the South Asian nation. “We make the greatest weapons ever made. Airplanes. Missiles. Rockets. Ships. We make the best and we’re dealing now with India. But this includes advanced air-defense systems and armed and unarmed aerial vehicles,” Trump told a cheering crowd at the western Indian city of Ahmedabad on Monday as he shared the stage with India’s Prime Minister Narendra Modi. (Bloomberg)

Source: Danareksa Sekuritas Debt Research
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