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Stock impact report

Commodity currencies hold firm on hopes of pandemic peak, oil output cut [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
Commodity currencies drew support on Thursday from hopeful signs the coronavirus pandemic may be peaking and that major oil producers may agree to cut output to stem a plunge in oil prices.TheAustralian dollardollar's indexThe index is down 0.6% so far this week as safe-haven flows to the U.S. currency eased on rising hopes much of Europe and the United States could soon see themselves out of the worst period of the COVID-19 pandemic."New York reported its biggest death toll while infections hit the highest level in four days in Spain and three days in Italy," said Tohru Sasaki, head of Japan market research at JPMorgan. "All these are negative but forecasts both from governments and experts that the peak could come within days are leading markets not to focus on those details."New York state on Wednesday reported the most coronavirus cases in the world, overtaking Spain, according to a Reuters tally.The market's focus is now on U.S. initial jobless claims data due at 1230 GMT.The ave Show less Read more
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