Economic News, Page

It was a bearish week for the European majors, with the prospects of a recession and continued spread of COVID-19 doing the damage.

Economic data reflected in the impact of the coronavirus in the week also indicated the likelihood of a global recession.

The potential oil production cut deal is the main intrigue for the remainder of this week.

The European majors could be in for another choppy day. Service sector PMIs and U.S nonfarm payrolls are likely to test market resilience…

Investors will have to digest another record surge in the number of unemployment benefit applications.

Are the Republicans risking of losing a sure thing 2020 election win? It is looking dicier now. as the administration fails to handle COVID-19 and its spread.

The Australian share market finished lower on Thursday with most of the selling pressure coming from weakness in the major banks. Traders said the sell-off was fueled by comments from the International Monetary Fund (IMF), calling for governments to enact wartime measures to fight the coronavirus pandemic.

Futures are pointing to a fall at the open for the DAX. A lack of stats will leave COVID-19 updates and chatter from governments in focus.

The market finds itself under pressure from new coronavirus data as Donald Trump warns Americans that the next two weeks will be painful.

Market volatility will continue until the spread of the virus abates. The numbers suggest that we are some way off…

As a dismal quarter comes to an end, economic uncertainty remains, with the coronavirus expected to deliver a Eurozone recession…

U.S. stocks lose steam as positive data from China is offset by continuous surge in the number of coronavirus cases.

Australian shares finished lower on Tuesday after giving back earlier gains. Early in the session, the Aussie market extended its gains from the previous session, helped by quarter-end balancing and on measures to slow the spread of the coronavirus outbreak and contain its economic impact.

The Futures are pointing to a positive open. Economic data and COVID-19 numbers will need to provide some hope, however, to support a 2nd day in the green.

Market is undecided as the U.S. extends virus containment measures until the end of April.

Market volatility doesn’t appear to be going anywhere and that’s not going to change until the spread of the coronavirus slows and slows materially.

Prime Minister Shinzo Abe on Saturday said his government will compile Japan’s “boldest ever” package of economic measures to address the impact of the new coronavirus.

Italy will find a way to meet the severe economic and fiscal challenges from the Covid-19 pandemic with the help of European institutions – but the country’s fundamentals will look very different after the crisis than before it

Riskier assets came under pressure going into the European open. A sharp increase in new COVID-19 cases and more stringent containment measures weigh.

Asian shares are also being dragged down by oil prices, which tumbled as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies.