China on Saturday reported three new coronavirus cases in the mainland for July 3, compared with five cases a day earlier, the health authority said. Two of the new infections were imported cases, the National Health Commission said in a statement, while the capital Beijing reported one new case. China also reported four new asymptomatic patients, the same as a day earlier.
SINGAPORE--Singapore's manufacturing activity edged up slightly in June, owing to slower contractions in the key subindexes for new orders, new exports, factory output, employment and supplier deliveries. The purchasing managers' index rose 1.2 points to 48.0 in June from 46.8 in May, the Singapore Institute of Purchasing and Materials Management said Friday. However, the PMI remained below 50, indicating a contraction in manufacturing activity, for the fifth straight month.
BEIJING--Economic activity is gathering momentum in China, a raft of survey data showed this week, the latest sign that Beijing's uncompromising approach to tackling the coronavirus pandemic is starting to pay dividends even as the U.S. shuts down swaths of its economy in a struggle to contain the virus. A private gauge of China's service-sector activity, released Friday, surged in June to its highest level in more than a decade, as the easing of virus-control measures in most...
Copper slipped on Friday as speculators bet a rally had extended too far since demand in top consumer China is likely to struggle and after U.S. coronavirus cases hit record levels. Copper has been the top gainer on the London Metal Exchange in recent months, rebounding 40% from late March to a peak of more than five months on Thursday, partly on concern about supply from top producer Chile.
Younger people in South Korea have opened hundreds of thousands of trading accounts, hoping they will profit from turbulent markets to improve their otherwise lackluster economic prospects. The novices are part of a global wave of individual traders, who have been lured into markets by prodigious volatility and with the encouragement of influential social-media users. The new converts have helped cement South Korea's status as a major center for small investors, with...
Britain must stick up for the people of Hong Kong, Prime Minister Boris Johnson said on Friday. "We have to stick up for our friends in Hong Kong, we have to stick up for their freedoms for the rights to association to free speech," he told LBC radio. "We gave a commitment in 1984 to look after them ... to make sure that we stood by them, and we will."
European shares opened higher on Friday after upbeat China data fuelled a bounce in Asian markets, but another record surge in U.S. coronavirus cases checked overall investor optimism. The pan-European STOXX 600 index rose 0.2% to hover near its strongest level in three weeks, but trading volumes were thinned by a U.S. holiday.
Japanese government bond prices rose on Friday as a spike in new coronavirus cases increased the appeal of the safe-haven debt. Benchmark 10-year JGB futures added 0.2 point to 151.96, with a trading volume of 18,936 lots, while the 10-year JGB yield fell 2 basis points to 0.020%. Coronavirus cases have been rising sharply in Tokyo, partly due to increased testing among nightlife workers.
General Motors Co's (GM) vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world's biggest auto market.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
