|Real-time Estimate - 08/06 08:50:50 pm|
News Highlights: Top Global Markets News of the Day
|07/02/2020 | 11:16am|
U.S. Jobless Rate Fell to 11.1% in June
The employment report, based on survey data largely collected in mid-June, doesn't reflect recent government-mandated business closures and related layoffs in response to the coronavirus.
U.S. Stocks Rally on Jobs Report
The Dow industrials and S&P 500 climbed after the June employment report showed the economy gained more jobs than expected last month.
U.S. Trade Deficit Widened in May
The U.S. trade gap widened in May as both exports and imports declined amid weak global demand caused by continued coronavirus-related disruptions.
Europe Avoids Jobless Surge as Furlough Schemes Cushion Economic Decline
Unemployment in Europe rose only slightly in May, a testament to the success of government programs that pay the wages of workers put on furlough by their employers.
Brace for an Autumn of Discontent
Investors need to recalibrate their expectations of what the economy will look like through the end of the year.
Coronavirus Surge Strains Municipal Bonds, but Investors Still Pile In
The recent surge in Covid-19 cases has brought more bad news for a municipal bond market already reeling from the impact of shutdowns and record unemployment, but some investors are seeing opportunity.
Hong Kong Market Accentuates the Positive After New Security Law
Investors have overcome initial discomfort at China's tightening grip on the city, focusing instead on how the law could curb unrest and encourage an influx of mainland money.
U.S. Daily Coronavirus-Case Count Crosses 50,000
New coronavirus cases in the U.S. passed 50,000 for the first time to reach a single-day record, as some states and businesses reversed course on reopenings and hospitals were hit by a surge of patients.
Wall Street Knows It's Too White. Fixing It Will Be Hard.
Large financial firms have spent a decade talking up diversity, but have little to show for it. Internal practices and client biases make it hard for Black employees to get in the door or obtain big client accounts.