DAILY MARKET REPORT

DAILY MARKET REPORT

After seven weeks of lockdown UK gradually lifts lockdown & returns to work. As of Wednesday, the UK recorded 33,186 deaths from COVID-19. Recently a new antibody test has been approved in the UK – the government expects this could be the key to easing the complete lockdown. On Wednesday, the UK government announced 600 million pounds ($735 million) in funding to stop coronavirus infections in nursing homes.
DAILY MARKET REPORT

DAILY MARKET REPORT

UK economy contracted its biggest fall since the 2008 financial crisis in the January-March period, with March GDP falling by a record pace due to the coronavirus pandemic. The GDP dropped 5.8% in March, the biggest monthly fall since the series began in 1997. While quarterly GDP beat projections, falling by 2% instead of the expected contraction of 2.5%.
DAILY MARKET REPORT

DAILY MARKET REPORT

Save one life and you are heroes; save one hundred lives then you are nurses. We thank all the nurses who work so hard to keep us safe against Covid-19. Happy International Nurses Day
Weekly Global Market Update: May 11-15

Weekly Global Market Update: May 11-15

This week Investors will likely keep a look at the economic releases which includes RBNZ rate decision, UK GDP; US retail sales, Australia employment figures, Eurozone industrial production & GDP etc. 
DAILY MARKET REPORT

DAILY MARKET REPORT

Today the investors and traders will closely watch the release of US monthly jobs report. The NFP report will be released at 12:30 GMT and forecasts point to a record 22 million job losses in April and to record unemployment of 16%. The NFP report gives out the number of paid US workers of any business but excludes government employees, farm employees and non-profit organization employees.