Trader­s, howeve­r, are on tenter­hooks before US jobles­s claims dataLONDON: Global equities mostly rebounded on Thursday from recent coronavirus-fuelled losses as oil rallied on hopes of an end to a Saudi Arabia-Russia price war, and resurgent Chinese energy demand, dealers said. Traders were on tenterhooks before US jobless claims data, which will again lay bare the impact of COVID-19 on the world’s biggest economy after dire figures last week. Equities were gripped on Wednesday by a global rout as the human and economic toll from the coronavirus rose. US President Donald Trump’s COVID-19 task force has warned America could see almost a quarter of a million deaths and the president warned of a “horrific” couple of weeks ahead. Later on Thursday, eyes are on the release of US jobless claims figures for last week, which some estimates have put at a mind-boggling 6.5 million.

Source: The Express Tribune April 02, 2020 12:33 UTC