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News Highlights: Top Global Markets News of the Day

06/25/2020 | 05:16am
U.S. Coronavirus-Case Surge Throws Off Plans for Reopenings 

States are introducing new restrictions and businesses are facing delays in reopening as coronavirus cases surge in some parts of the U.S.

German Consumer Mood Continues to Improves 

German consumer sentiment is set to rise in July, continuing its recovery from the coronavirus shock, according to the latest GfK survey.

Philippines Central Bank Cuts Rates to Support Economy 

The Philippine central bank on Thursday cut its benchmark interest rates to offer additional support for the economy that is being hit by the coronavirus pandemic.

U.S. Stocks Drop as Coronavirus Infections Surge 

Several states reported new daily records of infections, adding to concerns about a second wave of cases around the world that could lead to renewed restrictions on business activity.

Fed's Evans: Recovery Will Take Time, Expects Coronavirus-Related Setbacks 

The Chicago Fed leader says more may be needed from monetary and fiscal policy.

U.S.-China Tensions Leave Germany Squirming in the Middle 

Germany is struggling to pick sides in the escalating dispute between the U.S. and China over issues ranging from trade to human rights, amid mounting American pressure and Beijing's authoritarian drift.

Stock-Market Surge Masks Volatility in Individual Sectors 

The S&P 500 is on track for its best quarter since 1998, but despite the dramatic rebound, many sectors are still struggling to find steady footing.

White House National-Security Adviser Warns of China's Bid to 'Damage Our Economies' 

White House national-security adviser Robert O'Brien added his critical voice to the Trump administration's growing condemnation of Beijing, calling China's Communist Party a threat to the sovereignty and the economies of the U.S. and its allies.

Coronavirus Costs Canada a Triple-A Rating 

Canada has become the first triple-A-rated sovereign entity to lose its rating because of the economic downturn and the extraordinary fiscal response triggered by the coronavirus pandemic.

Soybean Prices Rally as China Ramps Up Buying 

China has ramped up its purchases of U.S. soybeans recently, sparking a rebound in prices and making the crop profitable again for U.S. farmers after the coronavirus pandemic had slammed demand.


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