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Outsized falls in US personal income and spending in March
Personal income and spending in the US fell much more quickly than expected last month as the impact of the Covid-19 pandemic began to spread across the country.
Chicago PMI slides past forecasts in April
A key manufacturing sector gauge for the Chicago area fell more sharply than expected in April, plumbing its lowest level since the trough of the Great Financial Crisis in March 2009.
Europe midday: Oil majors' and lenders shares pummeled despite ECB call to action
European stocks were trading on the back foot on Thursday afternoon even after the European Central Bank reiterated that it was open to increasing its emergency bond buying programme and amid conspicuous weakness in the oil patch.
ECB ready to increase emergency bond buying programme, use all tools
The European Central Bank kept the door open to ramping up its emergency bond purchase programme, all its policy tools in fact.
Initial weekly US jobless claims continue to soar
The US jobs market continued to deteriorate at a rapid pace during the last week for which data were available.
ECB eases rates on TLTROs, will support money markets
Rate-setters in the euro area unexpectedly eased their policy settings further at Thursday's meeting but did not expressly reiterate in its policy statement that its pandemic emergency bond purchase programme, known by the acronym PEPP, might be further increased in size.
Top US expert hails 'quite good news' on Gilead Sciences's Remdesivir
Gilead Sciences might be onto something with its antiviral treatment for Covid-19, Remdesivir, the US government's top infectious-disease specialist said.