This week’s Market News Report will be a little shorter than usual. Last week’s economic data releases have revealed more coronavirus damage to the economy. Thursday’s weekly number has been close to 7 million once again. Two weeks ago it was the first data to show the impact of the pandemic on the U.S. economy. And we will likely get more bad economic data in the future. However, the markets remained relatively calm last week, as investors continued buying stocks.
What about the coming week? Let’s take a look at the key highlights:
- The markets will likely pay the most attention to Wednesday’s U.S. and Thursday’s releases.
- We will also get China’s number on Wednesday.
- On Wednesday there will also be important economic data releases from Australia and Canada.
- Last but not the least, oil traders will await Tuesday’s and Wednesday’s inventories data release.
You will find this week’s key news releases below (EST time…
