Traders are also looking past civil and political unrest in the U.S. Chicago will enter the next phase of its reopening plan as scheduled on Wednesday, protests notwithstanding.
“If I look at the markets, I see a V-shaped recovery,” Mark Mobius, co-founder at Mobius Capital Partners, said on Bloomberg TV. “That’s what the markets are telling us.” Elsewhere, the Australian dollar pared gains after data showed the economy retreated on a quarterly basis in the first three months of the year. On Tuesday, European shares climbed to aHere are some key events coming up:
In Europe, the ECB is expected to top up its rescue program with an additional 500 billion euros of asset purchases at a meeting on Thursday. Anything less than an expansion would be a big shock, Bloomberg Economics said. The U.S. labor market report on Friday will probably show American unemployment soared to 19.6% in May, the highest since the 1930s.Futures on the S&P 500 Index rose 0.2% as of 12:10 p.m. in Tokyo. The gauge rose 0.8% on Tuesday.Shanghai Composite index added 0.3%.Euro Stoxx 50 futures rose 1.1%.The offshore yuan dipped 0.2% to 7.1176 per dollar.The yield on 10-year Treasuries climbed about two basis points to 0.70%.West Texas Intermediate crude increased 2.2% to $37.61 a barrel.
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