Europe saw a cautious start with oil firm Shell’s first dividend cut in 80 years, a record drop in French first quarter GDP and surge in German unemployment all giving traders an excuse for some pre-ECB profit taking.
“Today we will also see if the ECB is going to go to 1 trillion or beyond with its PEPP programme,” he added, a reference to the central bank’s beefed-up bond buying scheme. More caution was evident in other asset classes, with the U.S. dollar steady against most of the other major currencies and German Bund yields - which move inverse to price - dipping to a one-month low ahead of the expected ECB moves.
Partial results from the 1,063-patient U.S. government trial of Gilead’s remdesivir were hailed as “highly significant” by the top U.S. infectious disease official, Anthony Fauci.
In 21 days cases and mortality rates for the virus will increase due to states opening up early without testing. The Federal Reserve has gone above and beyond propping up the economy. We're looking at a depression around August.
We are in a Global Recession. Possibly Depression. Positive vibes from Canada 🇨🇦
'That being said, about 25% of patients receiving it have severe side effects, including multiple-organ dysfunction syndrome, septic shock, acute kidney injury and low blood pressure. Another 23% demonstrated evidence of liver damage on lab tests' Why is this drug being promoted?
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Stocks Rise Ahead of Powell’s CommentsThe S&P 500 and Dow industrials rallied as investors await views from Fed policy makers on the health of the U.S. economy and digest a statement from Gilead Sciences saying that a clinical trial evaluating its drug remdesivir in coronavirus patients had concluded. Spray more money,great china will fill the bill for ya. “The gains also coincided with a statement from Gilead Sciences saying that a clinical trial evaluating its drug remdesivir in coronavirus patients had concluded with a positive result, sending shares in the biotech company up sharply in premarket trading.” Simply proving that the current investment and stock strategy in the US is failed. If stocks rise with simple guesses and false promises, it means that the market is falsely propped up and as soon as they realize this was a misstatement or lie, it will go right back down.
Source: WSJ - 🏆 98. / 63 Read more »