Last week the US stock market began with a slight increase.

Investors assessed the growing tensions between China and the United States and the resumption of economic activity in the United States. The day before in an interview with Fox News Donald Trump once again accused China of an outbreak of coronavirus. He also suggested that the US could “terminate the deal,” which was signed in January, if China does not fulfill its promise, and added that “tariffs, at a minimum, are a great tool in negotiations.” Prior to this, US Secretary of State Mike Pompeo said that there is "considerable evidence" that the virus came from a laboratory in the Chinese city of Wuhan. The pressure on the market was also exerted by a fall in the shares of air carriers: quotes Delta Air Lines (DAL), American Airlines Co (AAL), Southwest Airlines Co (LUV) and United Airlines (UAL) fell 4.5-8% after Warren Buffett said that his Berkshire Hathaway sold all its positions in airline stocks because the “world has changed” for this industry due to the outbreak of coronavirus.

On Tuesday the growth of stock indices continued due to the rally at the oil market. Oil quotes rose on the expectations that the resumption of economic activity will increase demand for oil. This supported stocks of energy companies: Chevron Corp. stocks. (CVX) jumped 1.7%. Italy, one of the world's most affected coronavirus countries, allowed 4.5 million people to return to work on Monday after nearly two months of quarantine, while Spain unveiled a four-step plan to de-escalate quarantine measures in the country. Similar plans were presented by the authorities of France, Germany, Great Britain and many other countries. In the United States, most states have begun preparations to resume economic activity by the end of the week.

On Wednesday the market began to decline as investors analyzed weighed the prospects for the resumption of economic activity in the United States. Markets also followed the reports about restart in the US economy. However, US President Donald Trump admitted on Tuesday that there would be “more deaths” from coronavirus with weakened quarantine measures but added that refusing to resume business would also cost many people their lives as this could lead to suicides and drug overdoses . According to the report prepared by ADP, it showed that US private employers cut 20,236,000 jobs in April. It was the biggest decline in employment history. Economists expected the fall to be 13,050,000. The March data was revised to -149,000 from the originally announced -27,000.

On Thursday major US stock indexes again moved to growth, supported by expectations of PayPal (PYPL) and an unexpected increase in Chinese exports in April. PayPal's PayPal (PYPL) share price jumped 13.18% after the company said it was forecasting a significant increase in electronic payments in the second quarter, as quarantine measures are forcing more people to shop online. China reported that the country's exports in April grew by 3.5% last month, while imports fell 14.2%, as Chinese plants resumed work at full capacity after being suspended for several weeks due to coronavirus. A report released by the Department of Labor showed that another 3.17 million applied for unemployment benefits in the US last week. This is the lowest value since the US economy went into lockdown mode to combat the coronavirus pandemic. The average estimate in a survey of economists last week was 3 million. Over the past seven weeks, the total number of hits has exceeded 33 million.

The week ended with notable increase. The American labor market encouraged investors plus the United States and China signaled easing tensions between them. A Labor Department report showed that in April, the U.S. economy lost 20.5 million jobs in the non-farm sector, and unemployment jumped to 14.7%, as the effects of the economic downturn caused by coronavirus affected the US labor market the data from the Department of Labor showed. Economists expected employment to fall by 21.5 million and unemployment to reach 16%. Nevertheless, the April figures represent a staggering reversal of the labor market. In February, employment grew by 230,000. As expected the leisure and hospitality sector suffered the most, which lost a staggering 7.7 million workers, 5.5 million of which were laid off at restaurants and pubs.

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