China's economy shrank during first quarter of 2020, for the first time in decades. The world's second biggest economy reduced by 6.8% according to official data released on Friday.
This was also followed with news of a revised death toll of 1,290 in Wuhan, China, an increase of 50%.Meanwhile, in the USA, President Trump unveiled new guidelines on Thursday designed to help states loosen social distancing restrictions, he told governors it was their decision on when and how to reopen, this is after claiming absolute authority previously.
It seems that Trump is eager to push ahead with attempts to revive the economy slowdown caused by the coronavirus pandemic. During his daily news conference, he said that the new guidelines amount to the start of the country's "rejuvenation”, but left the decision down to local governors.
The markets continue to react to daily news, optimism from the United States and negative data from China, causing many strong moves and new trends to benefit from.
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