Notice: Trying to access array offset on value of type bool in /customers/1/a/0/newsgroove.co.uk/httpd.www/wp-content/plugins/newsmax-core/includes/core.php on line 212 Notice: Trying to access array offset on value of type bool in /customers/1/a/0/newsgroove.co.uk/httpd.www/wp-content/plugins/newsmax-core/includes/core.php on line 212 Notice: Trying to access array offset on value of type bool in /customers/1/a/0/newsgroove.co.uk/httpd.www/wp-content/plugins/newsmax-core/includes/core.php on line 212
Money

Investors brace for Covid-19 hit to eurozone economy – business live


Rolling live coverage of business, economics and financial markets as first official snapshot expected to eurozone GDP down 2% in first quarter

8.34am BST

Oil prices have risen as investors look for tentative signs of emerging demand for fuel.

Brent crude futures prices, the international benchmark, have risen by 3.4% today to a high of $32.44 per barrel.

Data released on Friday showed China’s daily crude oil use rebounded in April as refineries ramped up operations.

The market mood remains less than euphoric, though, with the coronavirus pandemic far from over and new clusters emerging in some countries where lockdowns have been eased.

8.20am BST

Betting giant William Hill has put out an update on its results in the year to 28 April, highlighting the massive fall off in revenues as lockdown hit.

Related: Regular gamblers up the stakes during UK lockdown

Continue reading…



READ SOURCE

READ  Saudi Arabia to hike oil output above 10 mln bpd in April after OPEC+ deal collapse

Leave a Reply