This came on the back of a dire handover from Wall Street, where U.S. stocks suffered their worst session since March on Thursday with the Dow plunging more than 1,800 points.on Friday morning, pointing to a slight recouping of losses at the open.
The International Monetary Fund said Thursday that governments around the world have deployed $10 trillion in stimulus packages aimed at mitigating the impact of the coronavirus pandemic, which has now infected more than 7.5 million people worldwide. However, IMF Managing Director Kristalina Georgieva suggested that significantly more action will be needed to shore up the global economy.
In Europe, the Financial Times reported Thursday that the U.K. has abandoned plans to introduce border checks with the European Union on Jan. 1, after pressure from businesses to minimize chaos amid the coronavirus pandemic. Britain said Thursday that it had agreed on an intensified timetable in July for negotiations over a new free trade agreement with the EU, as both sides looked to thrash out an accord before the Brexit transition period concludes at the end of the year.
The EU industrial production figures are due at 10 a.m. London time, along with May inflation figures out of France and Spain.
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The real crash is still missing. My thought of yesterday was that we will see a crash either today or on Monday. Black Friday or Black Monday. We will see. Futures just a little up today. So perhaps Monday with huge gap down
Why do people keep saying “second” virus wave when the first one wasn’t over!!
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