The Monday Mix: April 20 – 26, 2020

hand holding a coffee cup and newspaper

Headlines discussed at LNWM’s Monday morning briefing:

The gradual lifting of coronovarius quarantines is starting in Europe, as well as a handful of less-impacted US states, helping to drive stock markets higher.

Sales of newly built US homes fell 15.3% in March vs. Feb., while existing home sales fell 8.5%; pricing is holding up so far due to fewer listings.

The latest round of US coronavirus support  — $500 billion — excludes state and local governments; aimed at small businesses, hospitals, and coronavirus testing.

US consumer sentiment edged up slightly at the end of April, but is still down from March (at 71.8 on a key index vs. 89.1 for March), and down from 101 in February.

Eurozone manufacturing and services activity for April is indicating severe contraction; PMI Composite Index dropped to 13.5 in April from 29.7 in March.

Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.