U.S. seen adding almost 4 million jobs in June — but is the momentum already fading?

Wall Street is divining an increase of nearly 4 million jobs in June as the U.S. recovers from the coronavirus lockdowns, but really, it’s anyone’s guess given the sheer magnitude of the pandemic’s reverberations. Here’s what to watch in the June employment report from the Labor Department due on Thursday morning. The report is being […]

For 2008, investors expect guidance on when to get back on board

LONDON (Reuters) – Investment banks are dedicating models from the 2008 financial crisis to determine the right time to buy back equity markets, which fell 30% from their record highs in February due to the coronvirus crisis. The Wall Street sign is pictured on the New York Stock Exchange (NYSE) in the Manhattan borough of […]

Britain demands 250,000 volunteers as the number of virus deaths increases

LONDON (Reuters) – Coronavirus deaths in the UK rose on Tuesday, the first day of a national ban, while the government called for 250,000 health volunteers and announced that a provisional hospital would open in London next week. In a television broadcast on Monday night, which was seen by more than 27 million people, Prime […]

Britain wakes up to Coronavirus, the confusion continues

LONDON (Reuters) – Britain woke up to a virtual block on Tuesday after Prime Minister Boris Johnson ordered people to stay home, close shops and end all social gatherings to stop the spread of the coronavirus. People jog in Battersea Park while the spread of coronavirus disease (COVID-19) continues in London, Britain, on March 24, […]

The streets are quiet, but the underground is full when Britain is practically closed

LONDON (Reuters) – The streets were much quieter than usual on Tuesday after Britain was practically closed to curb the spread of the Corona virus, but the London Underground trains were full of people and the streets were far from deserted. Some workers also continued to mix closely after Prime Minister Boris Johnson ordered people […]

Italy’s workers in Lombardy are striking over harder shutdowns of the corona virus

ROME (Reuters) – Unions in the Italian region of Lombardy announced strikes on Monday to protect the health of their workers. A government decree that temporarily closed companies over the coronavirus emergency included too many gaps and exceptions. FILE PHOTO: Italian Army soldiers patrol streets after being stationed in the Lombardy region to enforce the […]

Canada supports income during the Corona virus outbreak

OTTAWA (Reuters) – Prime Minister Justin Trudeau said Tuesday that the Canadian government would provide financial support to people when he asked them to stay home to slow the spread of the coronavirus. Canada’s Prime Minister Justin Trudeau attends a press conference at Rideau Cottage in Ottawa, Ontario, Canada on March 17, 2020. REUTERS / […]

The plumbing behind the world’s financial markets is creaking. Loud

LONDON (Reuters) – The coronavirus panic is shaking stock markets, and a sharp decline in key indices is catching the public’s attention. Behind the scenes, however, there is less understood and possibly more worrying evidence that stress in key arteries in the financial system increases to dangerous levels. FILE PHOTO: Traders work on the floor […]

Share earnings after emergency BoE cut increases economic hopes

LONDON (Reuters) – European equities rose Wednesday after the Bank of England, along with other central banks, cut interest rates, hoping for more coordinated monetary and fiscal stimulus to counter the economic shock caused by the corona virus outbreak. File photo: A street cleaner walks past the London Stock Exchange Group building in the City […]