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Research Market strategy
by Swissquote Analysts
3M Co. pushed back against criticism of its work to make more N95 masks, intensifying conflict between the Trump administration and U.S. manufacturers racing to meet urgent demand for medical equipment. The St. Paul, Minn.-based company said that it had raised domestic mask production, started...
Eyes on US NFPs after tragic jobless claims data. UK’s services PMI could be revised lower.The US jobless claims shot up by 6.6 million last week, as businesses stopped due to the coronavirus shutdowns leaving millions of Americans se...
Crude prices soared Thursday after President Trump said he expected Saudi Arabia and Russia would agree to new oil-production cuts. Brent crude oil, the global benchmark, rose 35% to $33.10 a barrel in one of its sharpest ever rallies. West Texas Intermediate futures, the bellwether of U.S....
U.S. manufacturing activity in March fell at its fastest pace since August 2009 as the coronavirus outbreak in the U.S. has battered businesses. The reading for the index was 48.5, a drop from 50.7 in February, IHS Markit said. Domestic and foreign demand have fallen as companies shuttered...
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