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Week ahead: China and US data in focus
Financial markets' focus over the coming week will shift towards the People's Republic of China, with investors eager for any signs of stabilisation in the Asian giant.
US open: Stocks open higher despite historic unemplyoment figures
Wall Street stocks started out strong Friday after representatives from the US and China held a phone call aimed at reducing tensions amid the Covid-19 pandemic and despite some historic unemployment figures.
Spain’s deputy PM asks EU to show solidarity or risk dissolution
Spain’s deputy prime minister Pablo Iglesias called for the EU to guarantee a minimum income for all of its 450m citizens and warned that the bloc would not survive if it did not show solidarity in these difficult times.
US unemployment reaches postwar high at 14.7% with 20m people losing their jobs
US unemployment has surged to 14. 7%, its highest level since the second world war, after 20. 5m Americans lost their jobs in April, mainly due to the coronavirus crisis.
Coronavirus crisis led to 'tsunami of hate' - UN
António Guterres, United Nations chief said the coronavirus pandemic unleashed a “tsunami of hate and xenophobia, scapegoating and scare-mongering”, and appealed for an all-out effort “to end hate speech globally. ”.
US pre-open: Futures point to gains ahead of non-farm payrolls report
Wall Street futures were pointing to another solid session on Friday after representatives from the US and China held a phone call aimed at reducing tensions amid the Covid-19 pandemic.
Homebuyers consider move to countryside as home working gains popularity
Estate agents have recorded a rise in buyer registrations around Winchester and Berkshire as homebuyers consider moving to the countryside after home working gained so much popularity during Covid-19 lockdown.
Cryptocurrency market value rises by over $13bn due to halving event
The cryptocurrency market value jumped over $13bn on Friday after a rally in bitcoin which drove the price of the popular crypto over $10,000 for the first time since February.
US and China hold phone call to discuss phase one trade deal
US Treasure Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer spoke to Chinese Vice Premier Liu He on Thursday and discussed the ongoing tensions between both superpowers.
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