U.S. Jobless Soar, Australia Slump, Supply-Chain Sages: Eco Day


© Bloomberg. A recruiter wears an electronic tag that reads

(Bloomberg) — Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

The number of Americans filing for unemployment benefits is to set a record for the second straight week, with the darkest prediction expecting the figure to almost double
’s economy will contract almost 10% in the first three quarters of this year, the most since 1930-31, says James McIntyre at Bloomberg Economics. He also says the government’s third tranche of fiscal stimulus Monday won’t be its last
“I’ve never heard the words ‘ chain’ uttered so much by government officials and major media outlets as I have in the past two weeks,” says Chad Autry, professor of chains at the University of Tennessee
The opening of the Tokyo 2020 Olympics has been rescheduled for July 2021 after organizers agreed to an unprecedented postponement
Japan needs to spend far more than it did after the global financial crisis to help the economy, says former economy minister Hiroshige Seko. Meantime, all it might take to shut down the mighty economic engine of Tokyo is a jump in infections
Relax, eat out and shop. That’s the latest message from the Chinese government to its people, after months of warning them to stay indoors because of the
Adding trillions of dollars of borrowing is necessary fiscal support, says St. Louis Fed chief James Bullard. Meantime, in an effort to capture rapidly evolving conditions, the New York Fed unveiled a new Weekly Economic Index. And it’s dire
G-20 trade chiefs pledged to try to keep supply chains open as the world fights to contain the coronavirus pandemic
The German government’s economic advisers predict the worst recession since the global financial crisis
Hungary’s parliament handed Prime Minister Viktor Orban the right to rule by decree indefinitely, effectively putting the EU democracy under his sole command for as long as he sees fit
As the number of U.S. Covid-19 cases climbed this month, Pine Village Preschool shuttered all 10 of its locations in the Boston area and furloughed almost all of its roughly 125 employees
Throughout the coronavirus crisis that’s killed 35,000 people worldwide, Jair Bolsonaro has kept up face-to-face meetings and pushed everyday Brazilians to get back to work

©2020 Bloomberg L.P.

Article continues below Advertisement...

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market , meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the , it is one of the riskiest investment forms possible.

Source: Investing.com


Please enter your comment!
Please enter your name here