Latest data released by NFIB – 7 April 2020 – 104.5 ForexLive That is a record monthly decline in the headline reading as we see sentiment among small businesses in the US tumble to its lowest level since October 2016.
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UK Cabinet minister Michael Gove is now self-isolating
This raises more complications to the the government and another challenge to work around during the interim ForexLive
Paris tightens lockdown measures, to ban outside sports activity from 10 a.m. to 7 p.m.
French authorities step up lockdown measures amid the current situation
Spain daily coronavirus cases snap four-day decline as new cases climb over the past 24 hours
Spain daily coronavirus cases rise once again ForexLive Even from a percentage-wise, it isn't really good news but at least the case count is still significantly less than what it was a week ago. The rise of 5,478 cases over the past 24 hours beats the 4,273 new cases reported yesterday. The total tally is […]
There is said to be no consensus between Russia and Saudi Arabia just yet
Russian media, RIA Novosti, reports on the matter – All is to be decided on 9 April meeting day ForexLive This fits the tune with what is being reported as well. All to play for on Thursday.
OPEC+ cuts on Thursday would depend on how much US, Canada, Brazil, others will propose – source
Reuters reports on the matter, citing an OPEC source – Baseline level for oil output cuts yet to be agreed – This is considering production of some members jumped in April vs Q1 ForexLive
Russia confirms that it will take part in OPEC+ meeting on 9 April
IFX reports, citing confirmation by a Russian energy ministry representative Oil is keeping higher by over 3% on the day, now near the $27 level:
Japan PM Abe officially declares state of emergency in seven prefectures
Japanese prime minister, Shinzo Abe, makes the announcement Abe also adds that they will withdraw the order as soon as it is clear that people's lives are no longer in danger or if the measures are no longer needed.
Germany RKI says that too soon to say whether coronavirus cases are easing
RKI says that need to observe what will happen in the coming days to be sure ForexLive Again, the good news in Germany is that the curve is flattening on the number of new daily coronavirus cases. But again, it is disconcerting to still see the figure sit in the thousands despite the mass testing […]
Major European indices close the day with gains, but well off session highs
German Dax up 2.73%. France's CAC up 1.96%. UK's FTSE 100 up 2.0% The major European stock indices are closing the day with gains, but well off session highs.