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Coronavirus Pandemic Could Pose ‘Major Resilience Test’ for Global Financial System, IMF Says

Coronavirus Pandemic Could Pose ‘Major Resilience Test’ for Global Financial System, IMF Says

WASHINGTON—Huge government spending and other steps to boost coronavirus-stricken economies have limited immediate risks to global financial stability while fueling a debt buildup that could spell trouble later, the International Monetary Fund said Tuesday.

“The COVID-19 pandemic could be a major resilience test for the global financial system,” the IMF economists wrote in the Global Financial Stability Report. “Triggers such as new virus outbreaks, policy missteps, or other shocks could interact with pre existing vulnerabilities and tip the economy into a more adverse scenario.”

Companies that borrowed heavily at low interest rates to cope with the crisis may have trouble paying their debts, the report said, increasing the risk of bankruptcies. The danger is particularly acute among smaller companies that don’t have easy access to capital markets, it said.

Under such a scenario, bankruptcies could prompt an increase in borrowing and a tightening of bank lending standards, creating headwinds to a recovery, the IMF said.

The impact could be especially severe in Europe, where small and medium-size firms account for more than half of total output and two-thirds of employments, the report said.

Thanks to the regulatory overhaul that followed the 2008 financial crisis, banks entered the downturn with strong capital and liquidity buffers, IMF economists said. Even so, they warned, the banking system in some nations may suffer “significant capital shortfalls” due to increases in defaults among businesses and households.

The IMF also addressed risks among so-called nonbank financial institutions, like asset managers and insurance companies, which have assumed an increasingly important role in credit markets.

“They have managed to cope with the pandemic-induced market turmoil thanks to policy support, but fragilities, such as liquidity mismatches and exposure to credit risks, remain high,” Tobias Adrian, director of the IMF’s Monetary and Capital Markets Department, wrote in a blog post.

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Earnings season is a critical test for a stock market on the road back to a record

Earnings season is a critical test for a stock market on the road back to a record

  • The big banks are the first wave of companies to report third quarter earnings, a critical test as stocks attempt to regain highs.
  • Analysts are watching to see if companies are more forthcoming with guidance, which many abandoned after the virus-related shutdowns.
  • JPMorgan reports Tuesday, and it is the bellwether traders are watching to see if its stock can break higher.



a group of people standing in a room: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.


© Provided by CNBC
Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.

The big banks start off third quarter earnings season, and investors will be most focused on guidance to see if earnings can propel the market back to its highs.

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The S&P 500 closed at 3,534 Monday, about 1.5% from its previous high.

Banking bellwether JPMorgan reports Tuesday morning, as do Citigroup and BlackRock.

Delta Airlines and pharmaceutical maker Johnson and Johnson also report Tuesday. Bank of America, Goldman Sachs, Wells Fargo and PNC release earnings Wednesday.

“The bank stocks haven’t done anything in nine months. If JPMorgan is solid, and traders can’t sell it down, the banks could help take S&P to the highs of the year,” said Scott Redler, partner with T3Live.com. He said technically the market is in good shape, with big tech taking the lead Monday after a rest last week, but a broad group of stock also participated in the rally.

“JP Morgan has critical range resistance at $105 to $107. If it could get above that, it could open the door for a better move in to year end,” said Redler.

Analysts say they are looking for much more in the way of guidance this quarter, after many

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Jets coronavirus positive test: Cardinals still traveling to N.J. ahead of Sunday’s scheduled game

Jets coronavirus positive test: Cardinals still traveling to N.J. ahead of Sunday’s scheduled game

The status of Sunday’s game between the New York Jets and Arizona Cardinals is still up in the air after the Jets sent players and coaches home on Friday following a presumed positive coronavirus test of one player.

But the Cardinals are still operating as if everything is business as usual, according to head coach Kliff Kingsbury, and the team still plans to travel to New Jersey on Friday.

The NFL hasn’t made any decisions about Sunday’s Week 5 contest between the two teams. The Jets made all meeting and workouts virtual on Friday after one player had the presumed positive test for COVID-19. The team was waiting for retesting of the player before making any other decisions.

The league has already shifted two games this week due to coronavirus concerns. The Denver Broncos and New England Patriots will play on Monday instead of Sunday following positive tests by the Pats earlier in the week.

The Tennessee Titans and Buffalo Bills also had their Sunday game moved to Tuesday. The Titans have been dealing with an outbreak that also forced the NFL to postpone a Week 4 game between the Pittsburgh Steelers and Titans to later in the season.

The Jets and Cardinals don’t share bye weeks — the Cardinals are slated to be off in Week 8, and the Jets follow in Week 11 — so if the league is forced to push the game beyond Monday or Tuesday, rescheduling would a little bit more complicated.

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Chris Ryan may be reached at cryan@njadvancemedia.com. Follow him on Twitter @ChrisRyan_NJ. Tell us your coronavirus story or send a tip here

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New Automotive Crash Test Dummies Market Research Highlights Recovery Path for Businesses from COVID-19 based on the Type – Male Crash Test Dummies, Female Crash Test Dummies, and Child Crash Test Dummies| Technavio

New Automotive Crash Test Dummies Market Research Highlights Recovery Path for Businesses from COVID-19 based on the Type – Male Crash Test Dummies, Female Crash Test Dummies, and Child Crash Test Dummies| Technavio

LONDON–(BUSINESS WIRE)–The new Automotive Crash Test Dummies Market Research from Technavio indicates Negative and Inferior growth in the short term as the business impact of COVID-19 spreads.

“One of the primary growth drivers for this market is the emergence of autonomous and connected vehicles,” says a senior analyst for the Consumer Discretionary industry at Technavio. In recent years, automobiles have witnessed notable automation such as automatic door lock system, automatic heating, ventilation, and air conditioning (HVAC) system, automatic wiper systems, and automatic transmission system. This development in the automotive industry has paved the need for vehicles that are completely autonomous. However, connected vehicles and autonomous vehicles need to be tested in different accident scenarios. These testing methods require crash test dummies for analyzing the impact, which, in turn, will augment the growth prospects of this market. As the markets recover Technavio expects the automotive crash test dummies market size to grow by USD 4.06 million during the period 2020-2024.

Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of automotive crash test dummies market. Download free report sample

Automotive Crash Test Dummies Segment Highlights for 2020

  • The automotive crash test dummies market is expected to post a year-over-year growth rate of -5.87%.
  • Male crash test dummies dominated the market in 2019.
  • The concept of automotive crash testing was adopted from military vehicle or aircraft crash testing. Therefore, most existing crash test dummies are physically fit male crash test dummies.
  • However, the increasing average weight of a male across the world has compelled the automotive crash test dummies manufacturers to design and develop different types of male dummies that vary in body structure.
  • The use of such dummies has increased the demand for crash test dummies in this segment. Therefore, market growth in this segment will be
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