Global stocks opened this week with a positive note after several countries planned to ease of coronavirus-led lockdowns. This week is one of the busiest weeks; the tech giants report their latest quarterly earnings. As we know this was one of the most interesting first quarters so we have to look at these results a little differently in the context of the COVID-19 outbreaks.
The UK retail sales dropped -5.1 per cent in March compared with the previous month, according to data from the Office for National Statistics. This was the biggest monthly fall on record following the official government guidance for lockdown during the coronavirus pandemic.
Ryanair flew more than 152 million people last year, putting it at the top of the league table of European airlines, a position that gives O’Leary a particularly influential voice in the industry.
Almost all euro area countries face a massive drop in public budget revenues on the one hand, and a forced fiscal impulse to mitigate the effects of the corona crisis on the other. They enter this unexpected phase with completely different starting conditions.
The South Korean auto giant announced the first-quarter 2020 net profit slumped 44% to its lowest level for the quarter in a decade due to the pandemic. The Q1 Net profit reported 463 billion won ($376 million), far below an average Refinitiv estimate of 607 billion won drawn from 15 analysts.