Here’s what you need to know before the markets open.
1. ‘Central banks are on their A game’: Stocks, oil, and bitcoin rally as stimulus efforts temper coronavirus fears. “We need to see a further decline in volatility and price stabilization before crying victory,” one analyst cautioned.
2. ‘An unprecedented surge in layoffs’: Goldman Sachs says US jobless claims could spike to a record 2.25 million this week. Goldman’s forecast would mark an eight-fold increase, more than tripling the previous record set in 1982.
3. Bitcoin price rockets as investors look for a new safe haven. ‘The crypto king is on fire.’ The cryptocurrency had been down 30% year-to-date amid a sell-off fueled by cor
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