Bloomberg reports, citing a draft communique circulated to member countries Adding that the group would be assigned with monitoring implementation and reporting back to G20 energey ministers "for further corrective actions if needed". The composition of the committee is said to still be under discussion, according to familiar sour
Blogs
Gold extends gains to over 1% on the day, but buyers have more work to do
Gold is up by just over 1% today, touching a session high $1,663.62 ForexLive Gold has had a choppy last few sessions, as it finds itself caught up amid the mixed risk mood in the market recently. After the Monday surge, where equities and risk rallied, gold has found itself stuck around $1,640 to $1,670 […]
Cable climbs to fresh one-week high, looks towards key near-term resistance region
GBP/USD climbs to a fresh one-week high of 1.2438 ForexLive The pound is pushing a little higher on the day, breaking the high seen yesterday at 1.2420 as buyers continue to keep the recent upside momentum going.
Russia reaffirms backing on joint, coordinated action to steady the oil market
Comments by Kremlin spokesperson, Dmitry Peskov – Cannot stabilise oil market without all major producers – Russia backs joint, coordinated action to steady oil market ForexLive
Spain sees daily new coronavirus cases, deaths decline over the past 24 hours
Further moderation in the virus trajectory in Spain ForexLive The good news is that the figures are less than what it was yesterday, but the raw figure in the case count remains worrying with another 5,756 new cases reported. That brings the total to 152,446 cases with the death count rising by 683 to 15,238 […]
US futures pare gains to fall flat on the day
S&P 500 futures erase all of its earlier gains on the session ForexLive At the same time, European equities have also pared back most of its earlier gains too with the DAX now up by only 0.6% following over 2% gains at the start of the session.
The hardest thing to quantify about the global lockdown may not be the economic impact
The social impact and changes to human behaviour and tendencies are arguably the hardest things to quantify and predict right now report While not entirely surprising, it is one of the many social tendencies exacerbated by the lockdown measures in place globally and something that could have lasting effects the longer the restrictions continue to [
German health minister: Infection numbers are showing a more positive trend
German health minister, Jens Spahn, comments to Handelsblatt – Infection numbers are showing a more positive trend – If that continues, then the government can talk about gradual return to normality after the Easter break report on the numbers today
German health minister: If virus trend continues more positively, can talk about gradual return to normality after Easter break
German health minister, Jens Spahn, comments to Handelsblatt report on the numbers today The number of new cases reported over the past 24 hours was close to 5,000 and that is even with the mass testing being conducted by German authorities over the past month.