* Stimulus package will boost budget deficit to 2.7% - Orban. * Analysts seek details on measures and economic assumptions. * Package includes loans to companies and wage support. * Central bank to announce more steps on Tuesday. By Krisztina Than and Anita Komuves.
Nevada Copper Corp (NEVDF): * NEVADA COPPER PROVIDES CORPORATE UPDATE. * Nevada Copper Corp (NEVDF) - NECESSARY TO TEMPORARILY SUSPEND COPPER PRODUCTION AT PUMPKIN HOLLOW PROJECT. * Nevada Copper Corp (NEVDF) - TEMPORARY SUSPENSION OF COPPER PRODUCTION IS CURRENTLY ANTICIPATED TO LAST SIX WEEKS OR MORE.
Brazil auto sales fell by almost 90% in the last week of March compared to the first week of the month as the coronavirus crisis spread through Latin America's largest economy, the national automakers association said on Monday.
JPMorgan Chase& Co. Chief Executive James Dimon said his bank hasn't sought looser regulations to help it handle the economic collapse caused by the coronavirus pandemic, detailing instead its ability to keep lending in even more dire circumstances. In his annual letter published Monday, Mr. Dimon said the work preparing JPMorgan (JPM) to be a "port in the storm"-- a long obsession of his-- means the bank can handle what he expects to be a "bad recession."
Kenyan President Uhuru Kenyatta on Monday ordered a halt to all movement in parts of the country affected by the new coronavirus, including capital Nairobi. "The cessation of movement within the Nairobi metropolitan area shall be for an initial containment period of 21 days with effect from 7 p.m. Monday the 6th of April 2020, that is today," Kenyatta said in a televised address.
Turkish lira implied volatility gauges jumped to the highest level in a year on Monday after the lira weakened to levels last seen during the crisis in August 2018. The one week gauge rose to 23.8%, data from Fenics showed. Meanwhile one-month risk reversals for the Turkish lira, a gauge of demand for options on the currency rising or falling against the dollar, climbed to 8.375 vol.
A daily test would give Americans confidence to once again interact, St. There is "good news" for those who think the U.S. economy will have a tough time recovering from the coronavirus pandemic, said St. Louis Fed President James Bullard, on Sunday.
STOCKHOLM--Data from the Swedish Public Employment Service Monday show that 25,350 people registered as unemployed last week, over 8,500 more than the previous week. "The number of newly enrolled last week is slightly higher than any individual week during the financial crisis in 2008, which says a lot about the serious situation," said Annika Sunden, head of analysis at the employment service. The employment service said it expects unemployment to continue to rise as a result...
* Euro steady against dollar. * Euro 3M cross currency basis shrinks to smallest in 12 years. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. By Olga Cotaga.
* GfK consumer confidence -34 vs early March -9, biggest ever fall. * SMMT says car sales down 44% in March, sees 25% fall for year. * Construction PMI weakest since 2009, record low all-sector PMI. * COVID-19 lockdown expected to cause historic fall in output. By David Milliken.
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