Analysis: Where will yields go? Investors weigh U.S. jobs data against Delta fears
An unexpectedly strong jobs number for July has bolstered the case for investors who believe Treasury yields will head higher over the rest of the year, potentially weighing on an equity rally that has taken stocks to record highs.
China’s export slowdown in July may signal more bumps ahead
China’s export growth unexpectedly slowed in July following outbreaks of COVID-19 cases, while imports also lost momentum, pointing to a slowdown in the country’s industrial sector in the second half even as easing global lockdowns boost commerce.
ING reports $2.5 bln pretax profit, plans dividends and buybacks
ING Groep NV (INGA.AS) on Friday reported a better-than-expected quarterly pretax profit of 2.07 billion euros ($2.45 billion) and said it plans to resume paying dividends as it reversed some provisions for bad loans taken amid the coronavirus pandemic.
Japan’s Q2 economic rebound likely feeble as COVID-19 impact persists
Japan’s economy likely recovered slightly in the second quarter from a steep slump at the start of the year, a Reuters poll showed, as solid exports and capital expenditure cushioned some of the blow to consumption from the coronavirus pandemic.
China-U.S. container shipping rates sail past $20,000 to record
Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.
Oil firms but still set for weekly loss on demand worries
Oil prices edged higher on Friday but remained on track for their biggest weekly decline since March on concerns over the impact on fuel demand from travel restrictions to curb the spread of the Delta variant of COVID-19.
Dollar drifts higher as markets await jobs data for Fed clues
The dollar was supported on Friday in the lead up to the release of U.S. employment data, as markets braced for the numbers that could make the case for faster U.S. policy tightening at a time when action in Europe and Japan remains distant.
Wall Street pushes stocks, oil higher ahead of jobs report
U.S. stocks and oil prices rebounded sharply on Thursday as unemployment claims declined and the trade deficit widened – positive economic data in the face of rising COVID-19 cases and signals of declining Federal Reserve stimulus.
Amazon delays office return until January as COVID-19 cases surge
Amazon.com Inc (AMZN.O) on Thursday said it would not expect U.S. corporate employees to return to the office until next year because of the coronavirus pandemic.
Wall St gains as unemployment claims decline; Cigna slumps
Wall Street jumped on Thursday as U.S. unemployment claims declined further last week, while a drop in shares of health insurer Cigna dragged healthcare stocks lower.
