The US GDP decreased by 4.8% in the 1st quarter. Eurozone GDP declines as well.
The business activity index in China is below forecasts. Raw material prices are staying under pressure.
Quarterly reports of key US companies show profit growth despite the Covid-19 pandemic.
The Fed leaves the discount rate unchanged and promises comprehensive support to the US economy.
Oil prices are recovering throughout the week. Investors react to the prospects of quarantine removal and the resumption of regional air services.
