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Tuesday, April 07, 2020

Economy

Japan PM Abe says fiscal spending under stimulus plan to total 39 trillion yen: Jiji

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said direct fiscal spending under the government’s stimulus package to combat the coronavirus pandemic will total 39 trillion yen ($ 357 billion), Jiji news agency reported on Tuesday. Abe pledged on Monday to roll out an unprecedented economic stimulus package worth 108 trillion yen – equal to […]

Watch Now: Here’s What’s Moving Markets – April 6 (Video)

Investing.com – Our markets analyst Jesse Cohen gives us his top five things to know in financial markets on Monday, April 6, including: – Global Covid-19 Cases, Deaths Slow – Stocks Rally To Start The Week – Slips With In Focus – Jumps 1% – Amazon (NASDAQ:) To Delay Follow us on Twitter at: https://twitter.com/Investingcom […]

Wall Street looks for light at end of tunnel, sees risk stocks will re-test lows

© Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City By Megan Davies NEW YORK (Reuters) – Wall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry […]

Commodities & Futures

Trump says OPEC has not asked him for a U.S. oil production cut

© Reuters. U.S. President Trump leads daily coronavirus response briefing at the White House in Washington By Jeff Mason WASHINGTON (Reuters) – President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout […]

Canada, U.S. farms face crop losses due to foreign worker delays

© Reuters. A Mexican migrant worker picks blueberries during a harvest at a farm in Lake Wales By Rod Nickel and Christopher Walljasper WINNIPEG, Manitoba/CHICAGO (Reuters) – Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country’s fruit and vegetable output this year, and travel problems related to the pandemic could also […]