Live Stock Market News During the Coronavirus Pandemic

As economies begin to reopen, investors are watching for signs of a second wave of the coronavirus outbreak that could impact business all over again. According to data compiled by The New York Times, new infections are still increasing in more than a third of U.S. states. Public officials are also wary of a spike in new cases as thousands of protesters across the country demonstrate against police brutality after the death of George Floyd.

European investors were weighing fresh data from Germany that showed a 17.9 percent slump in industrial output in April compared with the month before, a record decrease in Europe’s largest economy. In Britain, there was a glimmer of hope: The government was reportedly considering allowing pubs and restaurants to open for outdoor drinking and dining beginning June 22, earlier than expected.

On Friday, stocks got a boost after U.S. jobs figures came in much stronger than expected, showing employers added 2.5 million jobs in May. The S&P 500 rose more than 2 percent, coming close to recouping all of its losses for 2020 so far. Some investors are wondering how long governments will be willing to give the global economy a push, and how long it will take for the world’s growth engines to come back to full speed.

Here’s the business news to watch this week.

🗽 Monday marks the first phase of New York City’s reopening, with retailers, construction sites and manufacturers tentatively getting back to business.

📈 The Federal Reserve provides a set of updated economic forecasts on Wednesday, which markets will scour for clues on how long interest rates will remain at historic lows. Few expect any hikes before late 2022, at the earliest.

🇨🇳 Shares in the Chinese online gaming company NetEase begin trading in Hong Kong on Thursday, as part of a secondary listing that could raise up to $3 billion. Another Chinese business that trades in New York, the e-commerce giant, is expected to introduce a secondary Hong Kong listing this week, as growing tensions between Washington and Beijing make companies worried about their access to capital in the U.S.

🗣 Among the earnings reports this week, Tiffany could provide an update on its takeover by LVMH, in data released Tuesday; AMC Entertainment, also Tuesday, will reveal the scope of the damage done by pandemic lockdowns to the movie theater business; and there will also be updates from Chewy (Tuesday), Adobe (Thursday) and Lululemon (Thursday).

Read MoreLive Stock Market News During the Coronavirus Pandemic

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x