Market Pulse - Currencies
US consumer confidence sees largest one-month drop ever in April
US consumer confidence registered its largest monthly drop ever in April, although a key gauge of Americans' expectations for the future help up relatively well all things considered.
Japan to unveil stimulus package worth nearly 20 per cent of GDP
Japanese authorities unveiled plans at the start of the week to launch the country's biggest ever stimulus package in a bid to contain the economic fallout from the Covid-19 pandemic.
Norway may join OPEC+ in cutting output, Canada will dial into summit
Norway may cut its oil production alongside other major producers if an agreement for a significant combined reduction can be reached.
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.
Brent oil spikes higher after Trump says Russia and Saudi will cut output
Traders in Brent crude oil endured a roller coaster-like session after the US President said Russia and Saudi had agreed to restrain their combined output, but Russian officials quickly appeared to call that into doubt, at least in part.
US foreign trade deficit narrows more sharply than expected due to China lockdown
America's shortfall in trade with the rest of the world narrowed sharply in February as Chinese exports slowed amid the impact from the Covid-19 pandemic.
Initial US jobless claims soar during latest week
US jobless claims surged even further last week as businesses rushed to shutter activity, surpassing even the most downbeat estimates.
US ISM manufacturing PMI edges lower in March, but details very weak
A key gauge of US manufacturing sector conditions for March printed ahead of forecasts but sentiment around the near-term growth prospects for the economy were described as "strongly negative".
EU proposes wage support programme backed by all member states
The European Commission proposed a wage support programme for the bloc that would be guaranteed by all member states.
Trump warns of 'painful' weeks ahead as coronavirus crisis hits US hard
US President Donald Trump warned of “painful” and “tough” two weeks ahead as he extended the social distancing measures across the country while predicting around 100,000 to 240,000 deaths from the Covid-19 pandemic.