[HONG KONG] Asian markets rose on Monday as some of the world's worst-hit countries reported falling death rates, providing some much-needed hope in the battle against the coronavirus, though oil prices were rocked after a meeting of top producers was delayed. Read more at The Business Times.
"Note, Italy imposed a countrywide lockdown on March 9, and so is supportive of the view that the virus peaks and peters out after 15-30 days following a strict lockdown. Focus in markets will now turn to the path out of lockdown and to what extent containment measures can be lifted without risking a second wave of infections."
The relatively upbeat news lifted Asian markets, which shrugged off data Friday showing a massive drop in US jobs in March that added to news that millions of people had applied for unemployment benefits. The country's Surgeon General Jerome Adams warned on Fox News:"This is going to be our Pearl Harbour moment, our 9/11 moment."
Both main contracts soared last week as Mr Trump said Saudi Arabia and Russia would hold talks on ending their price war, while it also emerged Opec would be holding a teleconference on Monday.
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