(11 MAY 2020)DAILY MARKET BRIEF 1:Equities up on business reopening prospects

<p>Friday’s jobs data in the US was catastrophic with more than 20 million jobs lost during April, but in line with market expectations, so the market mood wasn’t shaken by the ugly number. The US equities closed last week on a positive note. The Dow rallied 1.91%, as S&amp;P500 (+1.69%) and Nasdaq (+1.58%) recorded decent gains.</p>
<p>Asian stock markets kicked ff the week on a cautious positive note, as well, on increased prospects of business reopening and economy gaining back some pace.</p>
<p>Boris Johnson announced the relaxation of some measures in the UK and the government will provide more details on Monday regarding how to make their working environment secure. Johnson wants construction and manufacturing to gradually get back to work, while shops will stay closed until June 1st. So, the UK’s service-heavy economy will remain under a certain pressure for a couple of more weeks. But again, the worst recession in centuries is already priced in the market and won’t cause additional collateral d</p>