COVID-19 | For how long nations can keep up the spending?

Share the News



Global market sentiment has declined ahead of the latest US jobless claims data that is expected to show a massive spike in unemployment claims after businesses stateside shut down in an attempt to slow the spread of coronavirus.
Some experts suggest record unemployment numbers in the US, with Citi as the most bearish, projecting roughly four million claims.

The pan-European Stoxx 600 dropped 1.5 percent in early trade on Thursday, with basic resources tumbling 2.7 percent to lead losses as all sectors and major bourses plunged into negative territory.

Britain’s FTSE 100 index shed almost three percent at the opening bell in London. France’s CAC 40 is down by 2.4 percent, while Germany’s DAX slid 219 points or 2.3 percent.

Asia Pacific markets also stumbled earlier in the day, with Japan’s Nikkei closing down by almost five percent.

MORE: https://on.rt.com/adk7

Subscribe to RT! https://www.youtube.com/channel/UCpwvZwUam-URkxB7g4USKpg?sub_confirmation=1

RT LIVE https://www.youtube.com/watch?v=IFAcqaNzNSc

Check out http://rt.com

Like us on Facebook http://www.facebook.com/RTnews
Follow us on VK https://vk.com/rt_international
Follow us on Twitter http://twitter.com/RT_com
Follow us on Instagram http://instagram.com/rt
Follow us on Soundcloud https://soundcloud.com/rttv

#RT (Russia Today) is a global #news network broadcasting from Moscow, London, Paris and Washington studios to over 100 countries. RT is the first news channel to break the 1 billion YouTube views benchmark.

source