(06 April 2020)DAILY MARKET BRIEF 1:Oil falls as Saudi, Russia postpone meeting

<p>Asian equities kicked off the week on a positive note. Stocks in Sydney jumped past 4%, Nikkei gained 2.37% and the Hang Seng added 1.11%. Chinese and Indian markets were closed due to holiday.</p>
<p>The three major US stock indices surged circa 3.30% after closing 1.50% lower on Friday following the gory employment figures that showed the US nonfarm payrolls plummeted by 701’000 in March, giving a hint on how bad the lockdown hit the US economy. And the figures will get worse in the US where the cases have well surpassed those in China, before they get better.</p>
<p>Fiscal aid measures to cover for lost revenues should add up to $2 trillion, increasing the US budget deficit by almost 10% of the GDP, but many expect this number too shoot up to $3.5 trillion, depending on the length and the gravity of the crisis.</p>