Thursday, 16 Apr 2020 07:51 AM MYT
E-Mini future for the S&P 500 fell 0.76 per cent while Nikkei futures pointed to a loss of 70 points, mirroring a 2.2 per cent decline in the S&P 500 overnight. The United States is set to release its weekly jobless claims data today and the market expects a further 5.105 million claims, according to a Reuters poll.
Though countries including Spain, Italy and Germany are re-opening some businesses, analysts say it is unclear when the global economy will recover to its pre-pandemic days. In the United States, President Donald Trump said he will announce “guidelines” for re-starting the economy today. Bracing for tough times ahead, investors piled into bonds. The yield on US 30-year Treasury Inflation Protected Securities hit a record low of -0.183 per cent, while that of US 10-year TIPs fell to a seven-year trough of -0.553 per cent.
Source: News Formal (newsformal.com)
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