{"id":165825,"date":"2020-03-03T10:10:27","date_gmt":"2020-03-03T15:10:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165825"},"modified":"2020-03-03T07:34:35","modified_gmt":"2020-03-03T12:34:35","slug":"investors-eye-opportunities-as-central-banks-discuss-coronavirus-action","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/investors-eye-opportunities-as-central-banks-discuss-coronavirus-action\/","title":{"rendered":"Investors eye opportunities as central banks discuss coronavirus action"},"content":{"rendered":"
March 3, 2020<\/div>
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By George Prior<\/strong><\/p>\n

Global investors are taking advantage of\u00a0buying opportunities ahead of policymakers looking to take more coordinated action on propping up economies due to\u00a0the negative impact of the ongoing coronavirus outbreak.<\/p>\n

This is the message from Nigel Green, the chief executive and founder of deVere Group, one of the world\u2019s largest independent financial advisory organizations, as G-7 finance ministers and central bank officials are due to hold a teleconference to discuss the issue on Tuesday.<\/p>\n

U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will lead a conference call taking place before Wall Street opens. Bank of Japan Governor Haruhiko Kuroda and European Central Bank President Christine Lagarde are also on the call, amongst others.<\/p>\n

Mr Green notes: \u201cFor many, the joint statement will not go far enough, and there will be doubts about the effectiveness. This disappointment will dampen the market reaction somewhat.<\/p>\n

\u201cHowever, in general, the markets are looking for a reason to return to being bullish \u2013 which has been their default position\u00a0for an unusually long time.<\/p>

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\u201cThis teleconference between G-7 finance ministers and central bankers will likely provide some of the reassurance they seek.\u201d<\/p>\n

He continues: \u201cMany investors will be seeking to buy ahead of any potential measures aimed at cushioning the coronavirus blow kicking in, in order to take advantage of the current lower entry points and, therefore, the opportunities, while reducing risk at the same time.\u201d<\/p>\n

Last week, the deVere CEO said: \u201cUntil such time as governments pump liquidity into the markets, markets will be jittery triggering sell-offs.\u201d<\/p>\n

Mr Green affirms: \u201cIt was billed as \u2018the worst global market sell-off since the 2008 crash\u2019 but it then became an important buying-opportunity for many investors.<\/p>\n

\u201cNow, with a more coordinated international response in the pipeline, many investors can be expected to jump off the sidelines again.\u201d<\/p>\n

Previously, he noted: \u201cIn the current volatile environment, investors – including myself – will be revising their portfolios and drip-feeding new money into the market.\u201d<\/p>\n

The deVere CEO concludes: \u201cCentral banks and finance ministers of the G7 discussing an action plan to take on the far-reaching impact of coronavirus will buoy investors.<\/p>\n

\u201cMany will be seeking to increase their exposure to the markets ahead of the implementation of any measures that are rolled out as a result of this conversation.\u201d<\/p>\n

About:<\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior Global investors are taking advantage of\u00a0buying opportunities ahead of policymakers looking to take more coordinated action on propping up economies due to\u00a0the negative impact of the ongoing coronavirus outbreak. This is the message from Nigel Green, the chief executive and founder of deVere Group, one of the world\u2019s largest independent financial advisory […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-165825","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=165825"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165825\/revisions"}],"predecessor-version":[{"id":165826,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165825\/revisions\/165826"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}