Global stock markets are expected to this week focus on China and Iran, United States (US) foreign policy, COVID-19, monetary policy, also data. The US earnings season continues this week with over 1,300 companies reporting first-quarter results. On the economic data front, US non-farm payrolls are seen falling by 21 million in April, and the jobless rate will likely jump to its highest since 1939 as the coronavirus pandemic hit the economy. 

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