Another 2.4m Americans file for unemployment benefits as surge continues – live updates –

2) Metropolis grandee Simon Dingemans quits as chairman of audit watchdog over battle: Mr Dingemans joined the Monetary Reporting Council (FRC) in October to guide an overhaul of the regulator after 12 months of claims it was failing to crack down on malpractice. 

3) As much as 1,000 care properties might go bust in wake of Covid disaster: A minimum of two properties have already shut their doorways briefly. The closures are anticipated to set off a domino impact throughout the long-term care sector, which employs extra folks than the NHS and is estimated to be value about £31bn. 

4) The Chancellor is mulling plans to increase mortgage holidays for one more three months for these nonetheless struggling financially because of the coronavirus pandemic. Rishi Sunak is working alongside the Monetary Conduct Authority (FCA) and the banking sector to offer additional aid to UK householders, the Monetary Instances has reported.

5) Insurance coverage brokers underneath hearth for ‘surprising’ battle of curiosity: As a lot as 60computer of brokers’ revenue comes from insurers, with a lot of this linked to the dimensions of the premium brokers generate from promoting the insurers’ merchandise to prospects, in keeping with the Dealer Conflicts report revealed by Mactavish.

What occurred in a single day 

Asian shares stepped again barely and US inventory futures fell immediately as lingering warning in regards to the long-term affect of the coronavirus outbreak offset a few of this week’s enthusiasm over re-opening of economies.

Buyers had been additionally looking forward to a key coverage gathering in China which will yield extra financial stimulus, whereas current information around the globe underscored {that a} sustainable restoration is a number of months away.

MSCI’s broadest index of Asia-Pacific shares outdoors Japan was up simply 0.04 per cent, having rallied round Three per cent up to now this week.

S&P 500 e-mini inventory futures fell 0.66 per cent. Broad threat urge for food has been checked considerably by escalating tensions between the US and China.

Australian shares, which have been hampered by considerations a few commerce row with China, pulled again barely from a two-month excessive.

Japan’s Nikkei inventory index slid 0.05 per cent after information confirmed the nation’s exports collapsed in April.

Shares in China fluctuated between features and losses earlier than the beginning of the annual parliament assembly on Friday.

Arising immediately

Interim outcomes: AJ Bell, IntegraFin

Full-year: Assura, Hilton Meals, Investec, Intertek, Pets at House, QinetiQ, Tate & Lyle

Buying and selling assertion: Sabre Insurance coverage, Inchcape

Economics: Flash PMIs (UK and US); jobless claims (US)

News Reporter

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