G20 Promise More Monetary, Fiscal Stimulus

And four other things you need to know now.

• The Group of 20 (G20) leading economies promise to take decisive action on monetary and fiscal policy to fight the risks of persistent stagnation, according to a draft communiqué obtained by Reuters on Tuesday.
• Greece could ask the U.S. to help with loans "in the best case," or even Russia or China if negotiations with the European Union do not lead to its desired result of a fresh cut in its debt burden, Greek Defence Minister Panos Kammenos said.  
• Inflation fell to a five-year low in China, prompting calls for more easing action by the People's Bank of China. In China, a property market downturn and widespread factory overcapacity have been compounded by an uncertain global outlook and falling commodity prices, making deflation a real threat.
• Swiss bank UBS (UBS) warned that its profit is likely to be affected this year by the Swiss franc turmoil, quantitative easing in Europe and continued litigation risk. The banks' profit increased by 13% last year.
• The International Energy Agency (IEA) said a recovery in oil prices seems "inevitable" as the 50% drop over the past seven months has forced companies in the U.S. to close rigs and slow down investment in new production. 

At the time of publication, Antonia Oprita had no positions in any of the securities mentioned.