MARKET REPORT: Crude Surge Helps Shares Shrug Off Jobless Gloom

reporttitle,pageheader及masterdata均可在insert band" style="mɑx-width:450px;float:right;padding:10px 0px 10px 10px;border:0px;">For the second week in a row, markets were braced for a leap in US unemployment figures. 

And for the second week in a row, jaw-dropping numbers outstripped even the most dire predictions. 

A record 6.65m Americans filed for help from the US Government last week, up from the previous record of 3.3m the week before, as measures to contain the coronavirus outbreak led to millions losing their jobs. 






Over on Wall Street, the oil rally helped to send the Dow Jones higher early on, while France's Cac 40 and Germany's Dax both added 1 per cent


But the worrying data, which What is an Abstract? the latest to show the US is likely to fall into a recession, was outdone by a dizzying rise in oil prices that swept global markets higher. 

Over on Wall Street, the oil rally helped to send the Dow Jones higher early on, while France's Cac 40 and Germany's Dax both added 1 per cent. 






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The FTSE 100 closed 0.47 per cent up, or 25.65 points, lab report abstract to 5480.22, after Brent crude futures surged 23 per cent to $30.51 a barrel. 

The FTSE 250, however, fell 0.76 per cent, or 110.4 points, to 14436.80. At one point, the global benchmark oil price leapt by more than 40 per cent, hitting $36. 

The jump came as Saudi Arabia and Russia got closer to a rapprochement after a price war between the two producers sent oil markets - already in freefall because of a slump in demand - into deeper turmoil.