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News Highlights : Top Global Markets News of the Day

06/30/2020 | 09:16 pm
Japan Manufacturing Sentiment at 11-Year Low 

Sentiment among Japan's large manufacturers deteriorated to the lowest level in 11 years, according to a central bank survey, reflecting deep concerns over the impact of the coronavirus pandemic.

Fed's Williams: Economy Has Likely Seen 'Low Point' in Continuing Crisis 

Federal Reserve Bank of New York leader John Williams said the economy may have already seen the worst of the impact of the coronavirus pandemic, even as significant uncertainty looms.

Boris Johnson Sets Out 'New Deal' to Lift U.K. From Coronavirus Slump 

Prime Minister Boris Johnson said he was planning a "New Deal" for the British people as part of a speech aimed at re-invigorating the U.K. and his premiership in the face of falling poll ratings, an economy in the doldrums and one of the worst death rates from Covid-19 in the developed world.

Gold Rallies Above $1,800 to Cap Strong Quarter 

Gold prices extended a recent rally Tuesday, closing out their best quarter in four years with uncertainty about the economic recovery and ultralow interest rates lifting demand for the haven metal.

Hog Futures Sink as Supply Overhang Lingers 

Hog prices have fallen for nearly two months, a decline that accelerated in recent sessions after a government report confirmed that U.S. swine production has bounced back from Covid-19 faster than anticipated.

U.S. Stocks Finish Best Quarter in More Than 20 Years 

U.S. stocks wrapped up their best quarter in more than two decades, a remarkable rally after the coronavirus pandemic brought business around the world to a virtual standstill.

Canada GDP Plunged 11.6% in April 

The monthly plunge in economic output marks the worst damage stemming from the new coronavirus and sets the stage for a hefty drop in the second quarter that could take years to recoup.

Mnuchin, Powell Pledge Additional Relief to Prevent Lasting Damage to Economy 

The nation's top two economic policy makers pledged to consider additional coronavirus relief, but offered few specifics.

Fauci Warns Coronavirus Cases Could Reach 100,000 a Day, as Surge Delays Reopenings 

New coronavirus cases "could go up to 100,000 a day" if people continue to flout advice on social distancing and face masks, Anthony Fauci, the nation's top infectious-disease doctor told a Senate committee

Eileen Murray to Lead Finra, Wall Street's Self-Regulatory Arm 

The former co-chief executive of Bridgewater, the world's largest hedge fund, will take over as chairperson of Finra, Wall Street's self-regulatory arm.


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