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Comments by New York governor, Andrew Cuomo – Reopening must be phased, balanced – Says that testing is key – 'We are not there yet' on testing – If reopening is not done gradually, may have to start all over ForexLive

Q1 provision for credit losses soar to $8.29 billion, up by 339% – Q1 adjusted revenue $29.07 billion (-2.6% y/y) – Q1 equities sales and trading revenue $2.24 billion vs $$2.05 billion estimate ForexLive

BofA's April fund manager survey shows 52% of respondents believe that the economic recovery will be U-shaped I would say all of that depends on when a vaccine will be developed and made readily available to the masses, otherwise I would argue that learning to live with the virus would entail a recovery more like […]

The situation still has not been resolved for over two hours now According to Deutsche Boerse, there is a 'glitch' in its Xetra electronic trading platform but they said that they have engaged in recovery measures to make it available again.

Comments by Austrian chancellor, Sebastian Kurz – Virus numbers are going in the right direction ForexLive Austria is one of the few countries in Europe to relax restrictions starting from today, after having outlined their plans last week . I would imagine most places in Europe to adopt a similar proposal but with a different […]

Another 567 deaths related to the virus have been reported as well ForexLive If the German figures are anything to go by, the fall in the number of confirmed cases in Spain could also very well be due to the lack of testing during the Easter break.

Further comments by RKI on recent virus developments I reckon this could be a bit of a topic that slides under the radar for 2H 2020. If international travelers will be required to endure a two-week self-quarantine when traveling abroad, is there even any reason for people to make holiday or leisure arrangements even if […]

SARB reduces its repo rate by another 100 bps in surprise move here The rand has fallen sharply on the decision, as seen with USD/ZAR below:

A remark offered by the Beijing government Given the above context, it is better to look at restrictive measures and policy measures as a better read about the situation on the ground in the country itself.

Comments by RKI chief, Lothar Wieler – There's no clear sign of numbers going down further yet – We must wait, need to remain disciplined – Doesn't expect shortages of hospital beds ForexLive