Striking a deal…President Trump sparks the biggest crude oil rally on record, telling CNBC’s Joe Kernen that he has managed to negotiate a deal to get Saudi Arabia and Russia to make significant production cuts as producers demand an Opec+ meeting. U.S. weekly jobless claims reach a record 6.6m, worse than expected. In China, service sector jobs for March are slashed at their fastest rate ever as consumer activity rebounds from a record low despite remaining in contraction. European Commission president Ursula Von Der Leyen has launched a €100bn short-term work scheme to aid those countries hardest hit by the economic fallout of the pandemic, which has now reached one million cases of Covid-19.

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