Stock markets reacted differently to the prospect of much of the world remaining in confinement for weeks to come, with some moving higher as officials moved to deal with the crisis, while others slid further.
There are warnings that oil could sink even further as storage tanks around the world approach full capacity. On Wall Street, the main indices opened higher, even though jubilation over last week’s enormous US stimulus package has largely faded. He said he now expected the country to “be well on our way to recovery” by June 1 — dropping his previous target of mid-April.
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