Thursday 7 May 2020

Daily News: News always Impact on Market Movement

Good morning! Have a nice day!
Check out the important news & top news those will impact on market movements:
– America takes risks to open the economy, change new approaches
The White House is considering eliminating task force # Covid-19, and wants to switch to a different approach to dealing with the pandemic, currently the first wave of infection seems to be subsiding, Vice President – Mike Pence said.
– President Trump seemed to accept the risk of subsequent infections when talking about efforts to reopen the economy on Tuesday, he said: “Will some people get infected? It’s correct! Some people will be seriously ill? It’s correct! But the country needs to reopen and we have to do it soon. ”
– The eurozone economy is expected to fall by 7.7% this year, the European Commission said in its spring economic forecast, it also said inflation will fall to 0.2% due to lower spending because of income. reduction..
– Forecasts came after the March retail sales data for the bloc showed the sharpest decline in history, while German factory orders also saw the sharpest decline in 30 years.
– On the good news, Germany is expected to announce easing of blockade measures including the possible reopening of the national championship football tournament.
Read the daily news & know the impact on market

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