News

Weak economic data overnight included a larger-than-expected jump in US unemployment claims (3.8 million for the week), taking the total to over 30 million people since the US covid-19 lockdown began. 

Tech stocks Microsoft, Facebook and Alphabet have released better than expected results and the tech sector rallied. On the flipside, Chesapeake Energy has been forced into Bankruptcy as the US oil and gas exploration and production company struggles with

Policy makers need to be wary of opening economies in a restrictive and safer manner.