European Economics Preview: Eurozone Final Factory PMI Data Due

Alleged vehicle thief arrested next day after police pursuit: Penticton RCMP

An alleged car thief was arrested one day after a short police pursuit last week, Penticton RCMP said on Tuesday.

According to police, on March 31, an officer spotted a vehicle in Oliver, B.C. that had been reported stolen from Penticton.

‘Heartbreaking’ coronavirus pandemic keeping Okanagan families apart

Residents of long-term care facilities are among the most at risk of significant complications from COVID-19.

That’s why visitation restrictions have been placed at all of the Interior Health Authority’s long-term care homes.

Japan Feb core machinery orders rise 2.3% mth/mth – govt

TOKYO, April 8 (Reuters) – Japan’s core machinery orders rose 2.3% in February from the month before, government data showed on Wednesday.

The rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, compared with the median estimate of a 2.7% drop in a Reuters poll of economists.

Compared with a year earlier, core orders, which exclude those of ships and electricity, dropped 2.4% in February, versus a 2.9% drop seen by economists, the Cabinet Office data showed.

To view the full table, go to the Cabinet Office website at:

here here

Edmonton Oilers GM hopeful season can be completed

Edmonton Oilers general manager Ken Holland was getting to see what he wanted when he was hired last May: playing meaningful games in May.

Then, the NHL season was placed on pause on March 12. The Oilers had 11 games left in the regular season and were closing in on clinching on a playoff spot.

Regina Chinese community donates 380,000 medical gloves to health-care workers

As people continue to seek ways to help during the pandemic, Regina’s Chinese community has donated 380,000 medical gloves to health-care workers.

The donation comes from a group of 63 members of the community, who also own the Global Trade and Exhibition Centre (GTEC) in Regina.

Coronavirus: Licensed restaurants, bars can now offer alcohol for takeout, delivery orders

A Saskatoon business owner said she is excited to be able to offer customers a “more whole experience” after the Saskatchewan Liquor and Gaming Authority (SLGA) changed their regulations allowing licensed restaurants and bars to offer alcohol for takeout and delivery.

John Prine Dies Of Coronavirus: Lauded Singer-Songwriter Was 73

John Prine, a Grammy-winning singer-songwriter whose career spanned nearly a half-century, died today of complications from coronavirus. He was 73.

Prine had been hospitalized since March 26 with COVID-19 symptoms and been listed in critical condition for more than a week. Earlier his wife, Fiona, had announced that she also had coronavirus symptoms.

A former mail carrier, Prine was discovered by Kris Kristofferson, who produced the singer’s folk-tinged self-titled debut album for Atlantic Records in 1971. The acclaimed record wasn’t a commercial hit but featured two songs that would become his signatures: “Sam Stone,” about an addicted Vietnam vet, which Johnny Cash famously covered, and “Hello in There,” an iconoclastic ode to lonely empty-nesters that clashed with the era’s Generation Gap ethos.

John Prine ranks No. 452 on Rolling Stone‘s 2003 list of the 500 Greatest Albums of All Time.

He followed that disc up with three others for Atlantic during the next three years, each chart a little higher than the last but peaking with 1975’s Common Sense, which reached No. 66 on the Billboard 200. A hits compilation — Prime Prime: The Best of John Prine — followed.

 

 

 

 

Mexico registers 2,785 cases of coronavirus and 141 deaths

MEXICO CITY (Reuters) – Mexico has registered 346 new cases of coronavirus infection, bringing the country’s total to 2,785, as well as 141 deaths, the health ministry said on Tuesday.

Deutsche Post Suspends 2020 Outlook

Deutsche Post AG decided to suspend earnings guidance for 2020, citing the global spread of the pandemic and the manifestation of negative effects at least for the current business year.

However, the company confirmed guidance for a group EBIT of at least 5.3 billion euros for 2022.

The reported group EBIT for the first quarter will be at around 590 million euros. Adjusted for covid-19 related effects and the StreetScooter cost group EBIT in the first quarter is about 200 million euros above the adjusted result of the prior year’s 814 million euros.

The company said it is introducing the current pandemic-related measures in Germany. It sees a double-digit-percentage decline in mail volumes and revenue, driven mainly by suspended direct-marketing campaigns of customers.

The company decided to push out the date for the regular shareholder meeting, which so far was planned to be held on May 13th, to a later date this year.

European Economics Preview: Eurozone Final Factory PMI Data Due

Final factory Purchasing managers’ survey data and unemployment from euro area are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis publishes Germany’s retail sales figures for February. Sales are forecast to grow 0.1 percent on month, slower than the 0.9 percent rise in January.

At 3.50 am ET, France’s final manufacturing PMI is due. Economists forecast the final score to match the flash estimate of 42.9.

At 3.55 am ET, Markit is scheduled to issue Germany’s final PMI survey data for March. The final score is expected to fall to 45.5 versus the flash estimate of 45.7.

At 4.00 am ET, IHS Markit releases Eurozone final PMI data. The final factory PMI reading is seen at 44.6, down from the flash score of 44.8 in March.

At 4.30 am ET, UK CIPS/Markit final manufacturing PMI is due. The reading is seen at 47.0 in March compared to preliminary estimate of 48.0.

At 5.00 am ET, Eurostat is scheduled to issue euro area unemployment data. The jobless rate is seen unchanged at 7.4 percent in February.