Key Weekly Data Points – week commencing 27/04/2020

Daniel Casali provides a round-up of key market activity during the week of 27th April.

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Daniel Casali
Published: 01 May 2020 Updated: 02 Feb 2023

Daniel Casali provides a round-up of key market activity during the week of 27th April.

Reporting 157219337

Monday 27th

  • Spain saw a large jump in its number of recovered COCVI-19 patients over the weekend, with a reported 22,000 recoveries. Germany and France continued to report positive data with active cases in Germany declining by -3% and active case growth in France close to 0%.
  • UK coronavirus deaths passed the 20,000 mark over the weekend. FT analysis suggests that the global death toll could, in fact, be 60% more than reported.
  • Chinese Industrial Profits dropped -34.9% in March this compared, compared to March 2019.

Tuesday 28th

  • The Bank of Japan opened the gates for unlimited money-printing as it removed its guide of only buying 80 trillion yen (£59bn) of government bonds a year.
  • Italian car sales crash by -98% in March, year-on-year.

Wednesday 29th

  • The US economy contracted in Q1’20 at an annualised rate of 4.8%, its largest since 2008 due to country wide lockdown measures.
  • The Federal Reserve has pledged to keep interest rates close to zero until economic normality resumes, especially regarding inflation and employment.

Thursday 30th

  • 30m American have now lost their jobs because of COVID-19. 3.8m new Americans filed for unemployment benefits this week.
  • The ECB will continue lending to banks at exceptionally low interests as the Eurozone economy shrank 3.8% year on year in Q1’20, a larger contraction than during the 2008 financial crisis.
  • This comes after the president of the ECB, Christine Lagarde warned EU leaders that Eurozone GDP could fall by 15% this year, the FT reported.

Friday 1st

  • India’s largest car maker, Maruti Suzuki, has said that the company did not sell or manufacture a single car during April.
  • Despite deteriorating economic conditions across the globe, the US markets recorded some of their biggest monthly gains. In April, the S&P rose 12.7% and NASDAQ 15.2%.
  • Shell has cut its dividend for the first time since WWII as the collapse in oil price led to a fall in earnings.


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By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

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This article was previously published on Smith & Williamson prior to the launch of Evelyn Partners.