US economy will contract 40% in Q2 - JP Morgan

JP Morgan predicts that the US economy would contract by a staggering 40% in the April to June period, forcing 25 million people out of job due to the worsening coronavirus outbreak.

A few weeks ago, the investment bank had forecasted a 25% contraction in the second quarter.

The U.S. has surpassed Italy as the country with the highest number of coronavirus deaths. The world's biggest economy has recorded than 21,000 fatalities, according to NBC news figures.

Apr 13, 2020

S&P 500 Futures drop above 1.0%, US Treasury yeilds remain mildly positive amid less active markets

A mixed play between the US stock futures and Treasury yields can be witnessed amid a lack of major activity during Monday’s Asian session. While the

OPEC+ decision would put a floor under oil prices - BNP Paribas

The decision by OPEC+, a group of 24 nations led by Saudi Arabia and Russia, to cut the oil output by 9.7 million barrels per day, would put a floor u