The U.S. dollar pushed higher Monday, as investors braced for more dire news on the fallout from the coronavirus.
The current global pandemic is making everyone equal in their fear and confinement – wealthy and poor, famous or not. While many businesses have ceased operations in these difficult times and are waiting for better days to return, some are using the crisis as an opportunity to offer unorthodox solutions, to combat job cuts and market freefall.
1. Trump yields to governors on timetable for reopening
2. Chinese Q1 every bit as bad as feared
3. Stocks set to open higher on Gilead report. L'Oreal, LVMH updates support Europe
4. Macron's shrill plea for coronabonds
5. Spot energy markets struggle as futures regain poise
The Dow rallied Thursday and remained on track for its first two-week winning streak since February, led by a surge in energy as investor sentiment was boosted by optimism over a potential coronavirus treatment and hopes the economy could reopen fairly soon.
U.S. stock markets opened sharply higher on Friday before retracing some of their gains, as hopes for a medical breakthrough to beat the Covid-19 virus combined with further signs of economic life restarting to lift spirits ahead of the weekend.