The number of U.S. first-time recipients fell for 3 consecutive weeks, European Council says EU leaders agree to an emergency support fund

In Daily Market Review, English
24 4 月, 2020

The number of U.S. first-time recipients fell for 3 consecutive weeks

The number of people receiving unemployment benefits in the United States at the beginning of last week was 4.427 million, which was higher than market expectations of 4.2 million. The previous value was 5.234 million. As for the average number of first-time unemployment assistance of 5.787 million in 4 weeks, the cumulative number of initial unemployment benefits exceeded 26 million in the past month, which is equivalent to 16% of the overall labor force. It also shows that the longest period of economic prosperity since September 2010 All new jobs created disappeared. However, as the number of initial relief payments fell for three consecutive weeks, this may reflect that the worst case of the new coronavirus epidemic on the labor market may have passed.

European Council says EU leaders agree to an emergency support fund

After the leaders of the EU countries in the video summit yesterday, the European Council President Michelle said that the EU leaders agreed to an emergency support fund, but did not announce the actual amount. French President Macron said that EU leaders have discussed joint debt issuance and other financial tools to support the regions or economic sectors most affected by the epidemic. However, the biggest difference among countries is not the common debt, but the support fund formed after the issuance of bonds, which will support the countries most in need through loans or subsidies. According to market news, the EU leader asked the European Commission to work out the details next month. The EU summit failed to reach agreement on the details of the common debt, making the plan uncertain.

————————————

Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/

場外式黃金/白銀交易的風險:
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。