Market Overview - Page 331

The number of Americans filing for unemployment benefits for the first time rose more than expected last week as a resurgent coronavirus added pressure to the U.S. economy. The Labor Department said Thursday that initial jobless claims rose by 1.427.

Monthly US employment data impressively exceeded expectations, noting job growth of 4.8 million (3.0-3.2 million expected). Besides, the unemployment rate (fell from 13.3% to 11.1%) and the share of the economically active population (increased from 60.8% to 61.5%) were better.

All eyes are on today’s double-whammy jobs report. Beyond Thursday’s usual jobless claims data, we’ll also get the monthly Labor Department employment report. We’re expecting record numbers, which may explain why Dow Jones Industrial Average (DJIA) futures are up 225.

The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with hopes for a COVID-19 vaccine breakthrough also helping sentiment. Against a basket of currencies, the greenback.

The U.S. economy likely created jobs at a record clip in June as more restaurants and bars resumed operations, which would offer further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens.

The unemployment rate in the euro zone came in at 7.4% in May, as the region grapples with the economic shock from Covid-19. It comes after a number of European economies took their first steps to reopen in May, which.

Markets are optimistic for economic recovery in the U.S. and around the world. This week’s macro data has often exceeded expectations, reflecting a faster than expected recovery. Besides, the number of daily fatalities from COVID-19 in the world and the.

Russians have overwhelmingly voted in favor of changes to the country’s constitution that enable President Vladimir Putin to potentially stay in power up to 2036. With all the votes counted, the electoral commission said Thursday morning that the final count.

About 370 protesters were arrested in Hong Kong on Wednesday — 10 of them were apprehended for breaching the new security law just one day after it took effect. The new law came into force late Tuesday night, hours after.

Let’s discuss the most important market movements of June and outline what to look out for over the coming month. Event of the month During June, the pandemic was gaining momentum in South America and India. In the early days.

Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April. Brent crude futures skyrocketed more than 80% in the.

Tesla became the world’s most valuable automaker on Wednesday, when the electric vehicle company’s market capitalization surpassed Toyota’s for the first time. Shares of Tesla gained 5% to hit a new all-time high of $1,135, giving the company a valuation.