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Europe close: Moderate losses despite news GDP already falling at 10% pace
Stocks across the Continent finished the week with moderate selling, despite the release of service sector surveys in Italy and Spain both of which printed at record lows, underscoring the sheer magnitude of the hit from the Covid-19 pandemic.
Italy Covid-19 infections continue to slow
The increase in the number of Italians infected with the Covid-19 coronavirus continues to slow.
Brent futures jump again after report Russian firms ready to cut
Crude oil futures extended the previous day's rally following reports that Russian oil producers were prepared to reduce their own output to help stem the rout in prices.
US non-farm payrolls sink in March, unemployment soars
The US jobs market deteriorated massively in March as the Covid-19 pandemic began sweeping across the country and some state authorities moved to a lockdown.
Europe midday: Stocks slip as service sector surveys point to sharp GDP fall
Stocks across the Continent were sent sharply lower at the end of the week by services sector surveys that economists said pointed to an already steep and worse than expected drop in economic activity.