European futures are trading lower as the data printed a record drop during March. Sadly, in the coming days, these economic numbers are likely to become more ugly. What we are seeing now is only a starter, the main course and desserts are still due. So far, the European indices have enjoyed decent gains during the past two days. The index eked out another 1.79% gain yesterday while the clocked 4.47%. The also surged 3.09%.
The US Senate passed the virus rescue plan yesterday. The bill passed from the Senate despite some disagreement and now, it is on its way to the Houe Representatives.
Nonetheless, what matters the most today is the US number which can really take the wind of out the . Today’s number is likely to be dreadful. Just how much? It is expected that it could print a number which can easily pass the one million mark. This means more pressure on the Fed and intense sell-off for the US markets.
The prospects of higher jobless claims, and the possibility of delay…
