I do hope it’s not an insider trading, CEO, after all the stick he’s been getting on here, from ex- pats, and he’s gone and stuck two fingers up to good old blighty…oh hold on minute..hmmm,… lol.
as economy takes biggest hit since crash. While the country may face its deepest downturn since World War Two, it is set fare better than its neighbours, believe analysts.
Stock market live updates: Dow futures down 200, retail sales ahead, China tensions
U.S. stock futures pointed to losses to start the regular session Friday as investors braced for what’s expected to be a grim report on April’s retail sales at 8:30 a.m. ET, which will provide a key insight into U.S. household spending in recent weeks. Wall Street is also monitoring U.S.-China relations after the White House took action to block shipments of semiconductors to Huawei from the world’s chipmakers. The move could, in tandem the administration’s prior move to ban federal retirement investment in Chinese stocks, lead to renewed angst between the globe’s two economic superpowers
German stats office says that Q2 forecasts are for around -10% decline in GDP.. Some comments by the German statistics office How Q2 turns out depends in part of the easing of restrictions Most institutes are pinning the economic contraction in Germany to be somewhere between 10% to 12% in Q2, but either way we all know that it is going to be record-breaking bad considering the lockdown measures and impact of the virus outbreak in the region.
The focus now is whether or not all of the recent progress can translate into a better economic performance in Q3 and Q4. Any real risks of a secondary virus outbreak will throw a real spanner in the works and lead to more concerns about the projected recovery.
"We all know the virus is out, we also know that a big recession is coming. We know numbers will be bad. We also know that at some point the markets will ignore this."
No the markets will not ignore the looming Q2, it will be bad ALL round. until then i would keep some powder dry...