The Global Market Index (GMI) is expected to earn an annualized risk premium of 4.5% over the long run in today’s revised estimate (before factoring in a “risk-free” rate). The new projection reflects a downgrade from last month’s 5.0% forecast and no change from the year-ago estimate.

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World finance officials consider economic response to coronavirus: Reuters
World’s top-3 central banks look set to respond to coronavirus: Reuters
World Health Organization chief: we’re in “uncharted territory”: CNN
Global manufacturing sector fell into deep recession in February: IHS Markit
US construction spending rose in January to record level: AP
US Mfg PMI: modest growth continued to weaken in February: IHS Markit
US manufacturing sector barely expanded in  February via ISM survey data: ISM