The markets continue to trade in negative territory, due to the weak GDP economic data released earlier in the day. The data is indicative of an economy that has been significantly hit by the COVID-19 pandemic. Given that there is no vaccine or cure available, it indicates that in the near-term, demand could remain low, […]
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The markets have opened lower today, amidst weak economic numbers in the U.S. Data shows that the U.S GDP dropped by 32% in the last quarter. The number of jobless people also shot up indicating a weakening of the labor markets According to the Commerce Department, there was a spike in the country’s jobless numbers
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