“This is going to be an important test for the market as lots of businesses moved online following the lockdown,” said Andrea Cicione, head of strategy at TS Lombard in London.
Wall Street has recovered more than 30% from its March lows, rescued by official stimulus efforts and, more recently, by signs states were moving to let businesses reopen after a near total halt in activity. Consumer confidence figures for April due later in the day are expected to slide further from near three-year lows hit in March, as widespread production halts put millions of Americans out of work.
abolish the stock market
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Global stocks jump on Bank of Japan stimulus, hope of lockdowns easing - Business InsiderEuropean and Asian stocks and US futures rose on Monday, driven by the promise of government support and economic recovery.
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Asia stocks set to rise as Wall Street jumps on lockdown easing hopesAsian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment, despite another decline in oil prices. NEW: Canada reports 1,605 new cases of coronavirus and 147 new deaths. A total of 48,500 cases and 2,707 deaths. Cut China from The US financial system. Expel Chinese students. No Chinese tourist visas. 100% tariffs on Chinese goods. Sanctions and assets frozen.
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