Saturday, 4 April 2020 03:25 WIB
Hong Kong shares finished Friday with losses, in line with an Asia-wide sell-off, after data showed a massive 6.7 million Americans last week applied for unemployment benefits as the coronavirus shatters the global economy.
The Hang Seng Index fell 0.19 percent, or 43.95 points, to 23,236.11.
The benchmark Shanghai Composite Index dropped 0.60 percent, or 16.65 points, to 2,763.99, and the...
Friday, 3 April 2020 19:48 WIB
The U.S. economy shed 701,000 jobs in the month to mid-March, the government said in a monthly labor market report that largely predates any impact from the Covid-19 pandemic on the U.S. economy.
The figures, normally the most eagerly-awaited data of the month in global financial markets, have already been rendered largely meaningless by the unprecedented spike in jobless claims over the...
Saturday, 4 April 2020 01:58 WIB
Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of almost 32%. Prices extended their Thursday rally on growing expectations that major oil producers will reach an agreement to significantly cut production levels as efforts to slow the spread of COVID-19 continues to hurt energy demand.
May West Texas Intermediate oil rose $3.02, or 11.9%, to settle at $28.34 a barrel on...