MARKET OPEN: Week may end on upbeat note with lockdown easing

Fri, 24 Apr 2020

Local markets may end the week on a positive note after global equity markets largely shrugged off grim European and US data and investors here prepare for the covid-19 lockdown to ease on Tuesday. In Europe, the IHS Markit’s Flash Composite Purchasing Managers’ Index sank to 13.5, by far its lowest reading since the survey began in mid-1998. “April saw unprecedented damage to the eurozone economy amid virus lockdown measures coupled with slumping global demand and shortages of both staff and inputs,” IHS Markit chief economist Chris Wil...

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