Oil prices ended the day deep in the red as hopes of a deal to decrease supply turned into uncertainty and a surge in crude and gasoline stockpiles dragged prices down further.
Worldwide, the novel coronavirus has infected more than 1.3 million people and killed over 74 000, and although the numbers are still rising in many highly populated countries, some tentative improvements have given hope. The Dow Jones Industrial Average fell 26.13 points, or 0.12%, to 22 653.86, the S&P 500 lost 4.27 points, or 0.16%, to 2 659.41 and the Nasdaq Composite dropped 25.98 points, or 0.33%, to 7 887.26.The pan-European STOXX 600 index rose 1.88% and MSCI’s gauge of stocks across the globe gained 0.97%.
With market optimism on the rise, the US dollar dropped and riskier currencies outperformed as risk appetite improved on hopes that lockdowns may be slowing the spread of the coronavirus in some countries.
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Wall Street soars on hopes of slowing coronavirus deaths - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.US stocks rocketed higher on Monday, with each of the major indexes rallying at least 7%, after a fall in the daily death toll in New York, the country’s biggest coronavirus hot spot, fueled optimism a leveling off of the pandemic was on the horizon. Where is this Wall street🤔?
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Africa could lose 20 million jobs due to pandemic - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink in 2020 due to the impact of the coronavirus pandemic, according an African Union (AU) study. U are part of the problem. You're proud to call this nonsense news... You know its blacks... mostly South Africans Thought there was no jobs nje 🤦♂️😥😥
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More than 8 000 cases of coronavirus in Africa, 399 deaths: WHO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Coronavirus has claimed 399 lives so far in Africa. According to statistics from the World Health Organisation, there are 8 916 confirmed cases of the virus on the continent. via SABCNewsOnline So wat Not so long it was 24 dead people jiki jiki its 399🙄🤷♂️ something ain't right
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US stocks rise on hopes of slowing coronavirus deathsDow, S&P and Nasdaq up more than 5% after a drop in the daily death toll in New York
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