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 […]

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False Hope: Hubei Experience Suggests EU and US may Need to Extend Lockdowns

On Monday, we observe moderately upbeat sentiments in Asian and European stock markets backed by hopes that Saudi Arabia and Russia will still be able to “make peace” despite Trump’s weekend U-turn and abrupt decline in new cases of Covid-19 infection: The VIX volatility index, which is now a useful measure of general virus-related level […]

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Asian shares poised to climb after Wall Street rallies

© Reuters. Passersby wearing protective face masks are reflected on a screen displaying stock prices outside a brokerage in Tokyo By Chris Prentice (Reuters) – Asian markets looked poised on Tuesday to attempt another day of gains after stocks rallied on signs of a slowdown in coronavirus-related deaths, as oil prices resumed their decline on […]

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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 […]

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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 […]

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Total among companies seeking force majeure on EDF contracts: sources

© Reuters. FILE PHOTO: Night view shows Electricite de France nuclear power plant near Fessenheim By Bate Felix PARIS (Reuters) – Energy major Total (PA:) is among several power suppliers that tried to declare force majeure on buying nuclear power from EDF, sources said, as the coronavirus outbreak has pushed prices in the French electricity […]

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ForexLive European FX news wrap: Risk gains on hope of better days to come

Forex news from the European trading session – 6 April 2020 Headlines: Markets: AUD leads, JPY lags on the day European equities higher; E-minis up 3.8% US 10-year yields up 5.5 bps to 0.65% Gold up 1.3% to $ 1,642.25 WTI down 2.7% to $ 27.57 Bitcoin up 5.9% to $ 7,101 The market is […]

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