The U.S. Congress looked on course to approve nearly $500 billion more in aid to help small businesses, while European Union leaders make another attempt at agreeing on a joint recovery fund.
Adding further pressure were business activity surveys in the euro zone that showed economies suffered massive blows from the coronavirus outbreak and measures to contain it. “Frankly, if we saw a full agreement today that would be a surprise, but progress and something that Italy can sign up to will be the key,” Jim Reid, a strategist with Deutsche Bank, said.
Asia was still riding the recovery in crude oil prices. MSCI’s broadest index of Asia Pacific shares outside of Japan rebounded from two-week lows to be up 0.4% following an overnight lead from Wall Street.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These 5 low-key tech stocks with appealing dividend yields are profiting from coronavirus-induced uncertaintyOPINION: Consider these low-key tech stocks because they have appealing dividend yields and are profiting from the coronavirus-induced uncertainty.
Source: MarketWatch - 🏆 3. / 97 Read more »
Oil prices continue to crumble, stocks around the world dropStocks open sharply lower on Wall Street as oil prices continue to collapse. Traders anticipate demand for energy to shrivel because of the widespread business, factory and travel shutdowns related to the coronavirus. President Donald Trump was caught in a lie saying he hasn’t left the White House in months, even though he held campaign rallies in February and March and played golf So tired of winning.... Get That boost you need, Stay on top!!
Source: AP - 🏆 728. / 51 Read more »
European stocks head for flat to lower open as oil prices reboundEuropean stocks are set to open flat to lower Thursday as the coronavirus pandemic and oil prices remain in focus for investors. 5 ways prayer can change your reality.(video) Yeah!! Let’s get things spinning to the right again!
Source: CNBC - 🏆 12. / 72 Read more »
Global Stocks Drop as Oil Market ShuddersU.S. stock futures slid amid a chaotic rout in oil markets in the latest bout of turbulence sparked by the coronavirus pandemic. Just to note: Saudi running deficits now, Norway huge deficit, US defaults will explode. This is not normal. And like in 2008 when I always highlighted risk of banks.This time there are other things to watch. But equities always slow to react.This will lead to global consequences Who has benefited? What's next! War? What is the futures oil price 3 months out? All will be OK.
Source: WSJ - 🏆 98. / 63 Read more »
Oil Crash Accelerates, Rippling to Currencies and StocksGlobal oil prices continued to plunge, while the pain spread to currencies of major exporters and shares in energy producers. The June WTI futures contract, now the most actively traded, dropped 41% to $11.95 a barrel. There's a tl;dr on that, by the way. 🧐 Oil can leak an airborne virus 🦠 instantly around the world. Hmmm who’s been spilling gas in the air? And yet in any emergency crisis, all oil production is expected to be shut down while disinfectant takes up 90% of the budget. Hmmm crickets
Source: WSJ - 🏆 98. / 63 Read more »