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New York City mayor Bill de Blasio has said that he may need assistance from the military amid the coronavirus crisis. The number of confirmed cases has reached 923 and a surge in infections is projected. 

America’s largest city is the financial capital of the world and seeing soldiers on the streets may add to the risk-off sentiment. Stocks are on the back foot. 

The Federal government is set to introduce a broad fiscal stimulus plan that may exceed one trillion dollars. Lockdowns are taking a severe toll on the economies of developed nations.