As well as seeing a surge in virus cases, China also reported mixed economic data Monday.
"In short, even with a 'build it and they will come' attitude, and even with the virus"having been beaten", it still looks like China's Q2 GDP will be negative [year-on-year]," added Rabobank's analysts. The bearish sentiment fed into both US and international oil markets. WTI was down as much as 5% in earlier trade, although it had rebounded by late morning in Europe.
'NUCLEAR IS NOT A BUSINESS. IT'S A SUBSIDY MACHINE. The nuclear industry can't rely on private markets to finance new reactors in the U.S. Bad enough. Now, it wants Uncle Sam to also take the risk for financing new reactors overseas. Even worse.' stapf EnoughIsEnough
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