By Anna Isaac Close Anna Isaac Updated June 30, 2020 6:13 am ET U.S. stock futures drifted down Tuesday as investors gauged the risks posed by fresh lockdowns to the economic recovery and rebalanced portfolios on the final day of the second quarter while locking in gains.
Fresh data pointing to a strengthening recovery in China’s manufacturing sector was clouded by investors trying to determine whether governments’ new restrictions could be enough to prevent health-care systems from being overwhelmed, while posing less of an economic cost than prior shutdowns. A gauge of U.S. consumer confidence, measured by the Conference Board, is likely to offer fresh insights into American households’ willingness to spend money and drive the economic recovery. That reading is due out at 10 a.m. ET.
“Authorities have much more experience now than in March and April,” said Holger Schmieding, chief economist at Berenberg Bank. “Targeted measures such as closing crowded bars and face masks, plus a change in behavior, will avoid a New York or Northern Italy-style overstretch of the health care systems,” which is the key risk facing financial markets, he said.
Brent crude futures, the international oil benchmark, fell 1% to $41.43 a barrel. U.S. crude futures fell 1.4%, to $39.17 a barrel.
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I like how your headline emphasizes the negative side of a positive. Erased all the losses.. meaning it's positive...
This is like watching your idiot buddy who lost his job use his credit card to head to the bar every night, buy an $80k car, book a vacation to Cabo, and shop for real estate because “it’s cool things will get better some day bruh”
IMAGINE PPL if it was your Son or Daughter, fighting for their life / their Country, in Afghanistan and the POTUS finds out Russia is paying bounties to have them killed and HE DOES NOTHING to protect them What's putin have on him, that he would allow our soldiers to DIE for
The majority of US States now have rising COVID19 cases. The risk is not politicians shutting down the economy. The risk is reality shuts down the economy.
Arizona: shuts down Stock market: goes up ¯\\_(ツ)_/¯
This marks the beginning of the end. 3rd and 4th quarters will not be kind to Wall Street earnings.
Chinese researchers warn of a new flu virus found in pigs that has become more infectious to humans and needs to be watched closely in case it becomes a potential pandemic risk
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