Germany's finance ministry to increase new borrowing by EUR62.5 bln to EUR218.5 bln this year to finance coronavirus stimulus package - Reuters sources report

Market news

15 June 2020

Germany's finance ministry to increase new borrowing by EUR62.5 bln to EUR218.5 bln this year to finance coronavirus stimulus package - Reuters sources report

Expects budget deficit at 7.25% of GDP in 2020
Deficit-to-GDP ratio will rise to 77% this year from below 60% in 2019

Federal Reserve's Main Street Lending Program now open for lender registration

U.S. Stocks open: Dow -2.22%, Nasdaq -1.41%, S&P -1.90%

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