Overseas Headlines – April 15, 2020

United States:

U.S. Retail Sales Plunge Record 8.7% After Paychecks Disappear

“U.S. retail sales tumbled in March by the most on record as the coronavirus forced thousands of the nation’s merchants to close and left millions of Americans without a paycheck. The value of overall sales fell 8.7% from the prior month, the biggest decline in records dating back to 1992, Commerce Department figures showed Wednesday. Estimates ranged from no change to a 24% drop, with a median projection of an 8% decline.”



Spain Records Biggest Rise in New Coronavirus Cases in Six Days

“Spain reported the biggest increase in the number of confirmed coronavirus cases in six days on Wednesday, while the daily death toll declined. There were more than 5,000 new infections in the 24 hours through Wednesday, taking the total to 177,633, according to Health Ministry data. The number of fatalities rose by 523 to 18,579, compared to Tuesday’s increase of 637.”



China Blasts Trump’s Move to Pull WHO Funding, Pledges Support

“China criticized U.S. President Donald Trump’s move to temporarily halt funding to the World Health Organization and pledged to support the global health body. Trump on Tuesday said he ordered the move against the WHO because it took China’s claims about the coronavirus “at face value” and failed to share information about the pandemic as it spread. China has “serious concerns” about the decision and called on the U.S. to fulfill its responsibilities, foreign ministry spokesperson Zhao Lijian said at a briefing in Beijing on Wednesday.”



Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.