After weeks of falling, broadly defined commodities rallied sharply last week (through April 3) and posted the biggest gain for the major asset classes, based on a set of exchange-traded funds. The first gain in six weeks for raw materials overall may be fleeting, but for the moment the rear-view mirror for this corner of markets is looking up.
Daily Archives: April 6, 2020
Macro Briefing | 6 April 2020
US faces a rough week ahead for battling coronavirus: Reuters
At least one-quarter of US economy idled by shutdown: WSJ
Emerging economies face challenges as default risk rises: FT
Bankrupt hospitals are back in demand during coronavirus crisis: WSJ
UK Prime Minister Boris Johnson Admitted to Hospital for Coronavirus: Slate
Opec meeting re: production cut delayed amid oversupplied oil market: NY Times
Oil could fall to single digits without a deal out output cut: CNBC
German factory orders dropped in Feb–before coronavirus blowback: Reuters
US payrolls tumbled 701,000 in March: CNBC
Bloomberg’s recession tracker: Global downturn started in March: Bloomberg
