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Moody's: Default risk rises for high-yield APAC corporates on slowing growth, trade policy uncertainty

Moody’s Investors Service is out with a fresh report, assessing the impact of the China coronavirus on the Asia-pac (APAC) corporates and the global economy.

Key Quotes:

Default risk rises for high-yield APAC corporates on slowing growth, trade policy uncertainty.

Asian high-yield non-financial corporate default rate will increase in 2020.

Expect global economic growth to remain sluggish in 2020 with pessimistic business sentiment and trade policy uncertainty.

Gold Price Analysis: $1,585 is the level to beat for the bulls

Gold's stalled rally could pick up the pace above $1,585. That level is currently housing the upper end of the 6.5-week long narrowing price range. Th
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Japan's GDP set for biggest drop since 2014 - Bloomberg

Japan's economy likely suffered its biggest economic contraction since 2014 at the end of the last year and could drop into recession in the first qua
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