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MarketWatch MarketPulseApr 03, 2020
COVID-19 case tally: 1.03 million cases, 53,975 deaths and Spain has overtaken Italy in case numbers
The number of cases of COVID-19 around the world stood at 1.03 million early Friday, after passing the 1 million mark late Thursday, while the U.S. case tally edged toward 250,000 according to aggregated data from Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. There are now 53,975 fatalaties arund the world, the data show. About 217,433 people have recovered from the novel coronavirus that has sickened people in 181 countries. The U.S still has the most number of cases worldwide, at 245,573 and 6,058 deaths. Another 9,928 people have recovered. In Europe, Spain has overtaken Italy in number of cases. Spain has 117,710 cases and 10,935 deaths. Italy has 115,242 but the highest mortality rate at at least 13,915 deaths. Germany has the fourth highest tally, and is now ahead of China, where the virus was first detected in December. Germany has 84,794 cases and 1,107 fatalaties. China has 82,645 cases and 3,326 deaths; France has 59,929 cases and 5,398 deaths. Iran, another hot spot, has 50,468 cases and 3,160 deaths.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchApr 03, 2020
Europe Markets: European stocks drop after grim PMI data as coronavirus cases hit 1 million world-wide
European stocks fell on Friday after grim eurozone purchasing manager data brought about by the deadly coronavirus pandemic that has now infected more than 1 million world-wide. U.S. stock futures also fell as investors braced for more grim jobs data.

MarketWatch MarketPulseApr 03, 2020
European stocks open lower as global coronavirus cases top one million
European stocks slipped and U.S. equity futures pointed to a weaker session on Friday, as investors braced for more bad news on the American job front and coronavirus cases worldwide topped one million. The Stoxx Europe 600 index dropped 0.4%, alongside a similar loss for the German DAX 30 index , while the FTSE 100 index fell 0.7%. After a positive session for Wall Street on Thursday, Dow Jones Industrial Averages futures fell 181 points, or 0.9%, to 21,077. S&P 500 and Nasdaq-100 futures eased around 0.8%. Oil prices pared back some of Thursday's gains that saw West Texas Intermediate crude jump nearly 25% and Brent crude climb 21%. Those contracts were off 1.7% and 0.3% respectively. Oil's rally was sparked by a tweet from President Donald Trump who predicted Saudi Arabia and Russia would agree to significantly cut oil production. Investors are waiting for March nonfarm payrolls data from the U.S., after data Thursday showed a record 6.6 million Americans filed for unemployment claims due to shutdowns from the coronavirus outbreak.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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European stocks sink as pandemic hits business, oil prices grind higher (Yahoo Business)

MarketWatch MarketPulseApr 03, 2020
Dow futures pare loss but hang lower after Friday jobs report for March shows a stunning 701,000 losses
U.S. stock-index futures on Friday were trading lower, briefly adding to losses on the session, after a report on the state of jobs for the month came in much worse than expected, already revealing early impacts of business closures due to the coronavirus outbreak. Futures for the Dow Jones Industrial Average were off 72 points, or 0.3%, at 21,192, those for the S&P 500 index were down 0.3% at 2,508, while Nasdaq-100 futures were falling 0.4% lower at 7,599. indicating a lower start for the Nasdaq Composite Index . The grim report shows that unemployment jumped to 4.4% from 3.5% in February and comes after a report on jobless claims on Thursday hit a record 6.6 million for the week. Economists polled by MarketWatch had expected losses of 83,000 for March. The reported decline in employment was the biggest in 11 years and one of the largest ever, but it's going to get dwarfed by the job losses in April. In reality, given the past jobless claims report, total unemployment is closer to 10 million, which would represent an unemployment rate of around 10%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseApr 03, 2020
3M argues against ceasing exports of respirators as it preps to work with FEMA to boost production
3M Co. said Friday the administration of President Donald Trump has asked it to cease exporting respirators that are made in the U.S. to Latin America and Canada, given they are in short supply during the coronavirus pandemic. The company said it is a vital supplier of that equipment in those markets and that there are "signifiant humanitarian implications" to such a move. "Ceasing all export of respirators produced in the United States would likely cause other countries to retaliate and do the same, as some have already done," the company said in a statement. "If that were to occur, the net number of respirators being made available to the United States would actually decrease. That is the opposite of what we and the Administration, on behalf of the American people, both seek. " The company, which was criticized by Trump at a Thursday briefing after it said demand for N95 respirators was exceeding capacity, said it is looking forward to working with FEMA to boost production after Trump invoked the Defense Production Act against the company, giving the federal government more control over its operations. The company has received approval to import 10 million N95 masks made at 3M facilities in China back to the U.S. "We also continue to act on reports of price gouging and unauthorized reselling related to 3M respirators. This activity is unethical and illegal," said the statement. 3M and a half dozen smaller competitors are making about 50 million N95 masks a month, as the Wall Street Journal has reported. The masks block 95% of very small particles and are key for health care workers. Production is far short of the 300 million N95 masks that the Department of Health and Human Services estimated that U.S. health-care workers would need monthly to fight a pandemic. 3M shares were down 2.3% premarket and have fallen 22% in the year to date, while the S&P 500 has fallen 22%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as


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Yahoo BusinessApr 03, 2020
U.S. Stock Futures Fall With Relief Rally Fading on Pandemic Fears
(Bloomberg) -- U.S. stock index futures fell, erasing part of Thursday's rally, as global coronavirus infections continued to increase.S&P 500 Index futures expiring in June slid 0.9% as of 9:30 a.m. in London, after gaining 2.8% on Thursday. Contracts dropped 0.9% on the Nasdaq 100 Index and fell 1.1% on the Dow Jones Industrial Average. Global coronavirus infections surpassed 1 million, a milestone reached just four months after the first cases surfaced in China.In Europe, the Stoxx 600 Index was down 0.5%, weighed down by insurers and telecom shares. The euro-area economy is in a slump of unprecedented scale, with IHS Markit saying Friday its monthly measure of services and manufacturing points to an annualized economic contraction of about 10%."Sentiment in the market is still very fearful," said Dan Russo, chief market strategist at Chaikin Analytics. "The longer it takes to flatten the curve, the more prolonged the negative economic impact is likely to be, the longer it takes for businesses to get up and running again. Our base case remains that we are likely to retest the lows from last Monday."The underlying S&P 500 advanced 2.3% on Thursday, climbing for the first time in three days, with Chevron Corp and Exxon Mobil Corp. among the top gainers, after President Donald Trump said Russia and Saudi Arabia would cut production. Oil prices slid back below $25 a barrel after a record surge as doubts crept in about the deal.Consumer discretionary stocks weighed on the benchmark after jobl
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