United States: Many economists were predicting an even more severe rise in initial jobless claims than what we saw last week (the report is out 8:30 AM EST today). Below is an estimate from Desjardins. The real number came out to 6.6 million.
Goldman Sachs downgraded the Q2 GDP growth forecast again.
Eurozone: How much will the Eurozone’s unemployment rate rise over the coming months?
China: Economic activity metrics continue to recover. Coal consumption:
Equities: The recent updates to EPS projections paint a grim picture of earnings growth globally.
Credit: Implied default rates have risen above 2008 levels for multiple sectors.
Food for Thought: Donations to Democratic candidates in tech and financial services:
Edited by Daniel Moskovits
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