Market Overview - Page 382

Almost half a million companies in Germany have sent their staff on short-term working schemes — known as “Kurzarbeit” — to trim their payroll costs with immediate effect. Never before, not even in the financial crisis of 2008, has the.

Italy reported 760 deaths from the coronavirus Thursday as the number of fatalities rose again after three weeks of nationwide lockdown. The toll over the past 24 hours compared with 727 on Wednesday, according to figures from the civil protection.

Oil prices skyrocketed on Thursday after President Donald Trump told CNBC Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge. West Texas Intermediate crude futures surged 24.4%, or $4.99 to.

Market overview Futures for US indices add about 1% on Thursday after 4.4% drop on Wednesday. The careful optimism on markets from the slowdown in the growth of new virus cases is balancing with gloomy expectations of the impact of.

Since topping out at $6,500 on March 31, Bitcoin (BTC) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where.

Futures on the Dow and broader U.S. stock market rallied Wednesday night, shaking off a brutal start to the second quarter that was tied to fears of protracted recession in the world economy. Though the after-hours rally was largely one.

Zoom’s daily users ballooned to more than 200 million in March from a previous maximum total of 10 million, the video conferencing app’s boss Eric Yuan said on Wednesday, as it fought to dispel concerns over privacy and “Zoombombing”. The.

U.S. President Donald Trump said he has invited U.S. oil executives to the White House to discuss ways to help the industry “ravaged” by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia..

US indices ended Wednesday with a 4.4% loss on S&P500 and Dow Jones. Trump’s warning of horrors to come caused pressure on the markets and became an unexpected pressure factor for the market. Asian indices also started trading on Thursday.

April is going to be a hellish month for the oil industry. Already down more than 65% year-to-date, crushed by the coronavirus crisis and the Saudi-Russia oil price war, crude prices are set to tank even further when Saudi Arabia.

As the second quarter begins in China, it’s an altered landscape in the coronavirus-stricken economy with businesses that remain shut — some for good. The official resumption of work rate has crept steadily higher since early February, when more than.

BlackRock’s Managing Director Amer Bisat said on Wednesday that the world economy could contract by 11% in the first half of 2020 and lose $6 trillion in economic output due to the coronavirus pandemic. “To put this in context, this.