As reported by n-tv and dpa news agency See here for global coronavirus case data
Blogs
UK PM Johnson: We will want to get going with some lockdown changes on Monday
Johnson says that he will outline the details for next steps this weekend five tests outlined But let's wait and see what Johnson has in store for us this weekend. As of yesterday, the UK reported 4,406 new coronavirus cases – bringing the total confirmed cases to 194,990.
UK PM Johnson: I don't think we can make international comparison on death tolls
UK prime minister, Boris Johnson, comments in parliament – A time will come for reviewing UK virus decisions – The virus situation at care homes have shown palpable improvement See here for global coronavirus case data
China considers dropping numerical GDP growth target for 2020 – report
Bloomberg reports, citing people familiar with the matter See here for global coronavirus case data Adding that such a move would free up policymakers from the obligation of having to issue a significant amount of stimulus in order to meet a certain growth level as long as employment conditions remain stable.
US MBA mortgage applications w.e. 1 May +0.1% vs -3.3% prior
Latest data from the Mortgage Bankers Association for the week ending 1 May 2020 – -3.3% – Purchase index 220.0 vs 208.0 prior – Market index 744.2 vs 743.4 prior The positive aspect once again is that purchases is seen increasing slightly after hitting a low point a few weeks back. But if anything, this […]
Russia deputy energy minister: No reasons for oil to fall to or below zero now
Comments by Russia deputy energy minister, Pavel Sorokin – We can see first signs of recovery in the oil market – Return to pre-virus oil demand will take a long time See here for global coronavirus case data
China reportedly won't prioritise inviting international experts to investigate source of coronavirus
AFP reports on the matter Just be reminded that China did say that on this earlier today though. Then again, that in itself isn't a strong vote of confidence considering the WHO's current reputation among the international community.
EU's Dombrovskis: We should agree on a strong and coordinated EU recovery plan
European commissioner for financial stability, Valdis Dombrovskis, tweets "Each EU country's economic recovery will vary due to many different factors. As we emerge from #coronavirus impact, we need to avoid major disparities taking root in the single market. That's not
European Commission sees euro area GDP falling by 7.7% this year
The European Commission releases its latest economic forecasts on the euro area region – 6 May 2020 Officials warned that the crisis risks widening the divide between northern and southern euro nations and that could push the bloc to a breaking point because of differing exposures to tourism and governments' capacity to support businesse
Eurozone March retail sales -11.2% vs -10.6% m/m expected
Latest data released by Eurostat – 6 May 2020 – +0.9%; revised to +0.6% – Retail sales -9.2% vs -5.0% y/y expected – Prior +3.0%; revised to +2.5% See here for global coronavirus case data