News Page 4

Oil reaches one-month high amid increased signs of demand

Brent crude was up $1.21 cents, or 3.9 per cent at $32.34 a barrel after touching $32.44 the highest since April 14

Ramla Soni
Oil gains as Goldman doubts chance of sharp pullback

IEA trims dire predictions as lockdowns begin to ease

Lawrence Gash
Norway sovereign wealth fund blacklists coal giants

Oil rich country’s investment fund to exclude Anglo American and Glencore

Lawrence Gash
Markets fall on Fed’s warnings

Investors fear negative interest rates despite Powell’s statements

Lawrence Gash
Unemployment in France reaches 11-year low in first quarter

The jobless rate in the first quarter fell to 7.8 per cent from 8.1 per cent in the fourth quarter

Ramla Soni
Tencent beats Q1 predictions as lockdown users flock to mobile games

Chinese tech giant has bumper quarter

Lawrence Gash


The US sees record $738 billion budget deficit last month

The previous record budget deficit for any month was $235 billion in February 2020

Ramla Soni
Aston Martin suffers £119m Q1 loss

Covid-19 crisis worsens troubled carmaker’s woes

Lawrence Gash
Global stock and oil prices fall at fears of second Covid wave

MSCI’s index of global shares down 0.3 per cent

Ramla Soni
Saudi Arabia urges further production cuts as Aramco tests target debt levels

State-backed giant remains dominant but burdened by dividend

Lawrence Gash
UK economy declines 5.8 per cent in March, fastest pace on record

UK gross domestic product fell by 5.8 per cent in March compared with the previous month, the largest drop since 1997

Ramla Soni
Toyota predicts 80 per cent fall in profit

Faced with limited output and weak demand, Toyota is eyeing a colossal $13.95bn hit from a fall in global vehicle sales in 2020

Capital.com News
Leading US shale firm warns of imminent bankruptcy

Chesapeake Energy struggles to cope with plunge in demand for oil caused by coronavirus and effects of recent Russo-Saudi price war

Lawrence Gash
JPMorgan provides banking services to crypto exchanges for the first time

America’s largest bank approves exchange accounts for Coinbase and Gemini

Lawrence Gash
Tentative recovery for oil prices

Oil prices have climbed back from recent low, bolstered by further production cuts and hopes for higher demand as lock-down restrictions are eased. But American experts warn it will be 18 months before US fuel demand returns to pre-crisis levels.

Dan Atkinson
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Economic calendar
Today, 4 June, 2020
04:30 AUD
Australia
High Trade Balance 7500.0M 10602.00M
14:45 EUR
European Monetary Un
High ECB Interest Rate Decision 0 0
14:45 EUR
European Monetary Un
High ECB Deposit Rate Decision -0.005 -0.005
15:30 EUR
European Monetary Un
High ECB Monetary Policy Statement and Press Conference
15:30 USD
United States
High Trade Balance $-40.5B -$44.40B
15:30 USD
United States
High Initial Jobless Claims 2123.00K
15:30 USD
United States
High Initial Jobless Claims 4-week average 2608.00K
17:30 USD
United States
High EIA Natural Gas Storage Change 109.00B
5 June, 2020
15:30 CAD
Canada
High Unemployment Rate 0.13
15:30 CAD
Canada
High Net Change in Employment -4000.0K -1993.80K
15:30 USD
United States
High Average Hourly Earnings (YoY) 0.079
15:30 USD
United States
High Nonfarm Payrolls -7450.0K -20500.00K
15:30 USD
United States
High Unemployment Rate 0.198 0.147
18:00 CAD
Canada
High Ivey Purchasing Managers Index s.a 22.8
18:00 CAD
Canada
High Ivey Purchasing Managers Index 23.6