(08 MAY 2020)DAILY MARKET BRIEF 1:Could ugly US jobs data weigh on positive market mood?

<p>US and European equities closed Thursday’s session comfortably higher, and futures rose on prospects of business reopening, even though the White House stood against issuing specific guidelines on when and how to kick start the economic activity on fear that they could be too prescriptive, and force businesses to come back too early and cause more health and economic damage in the long run.</p>
<p>But leaders can’t wait for the economy to rerun, even if it means a certain cost of life. As such Donald Trump is pushing Texas to reopen businesses despite rising cases, and Boris Johnson mentioned that some relaxation measures could be on the menu starting from next Monday, versus the expectations that the UK would stay closed until the first week of June.</p>