* Biogen submits marketing application for Alzheimer's drug. * Levi Strauss falls after cautious second-half outlook. * Allstate (ALL) slips on $4 bln deal to buy National General (NGHC). * Indexes up: Dow 0.15%, S&P 0.30%, Nasdaq 0.93% By C Nivedita and Medha Singh.
Global stocks were mixed Wednesday, while mainland Chinese shares extended a winning streak for a seventh consecutive day. The S&P 500 ticked up 0.3%, after pulling back on worries Tuesday that the pace of the economic recovery has slowed. The Dow Jones Industrial Average added 0.2%, while the Nasdaq Composite Index rose 0.6%.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Dollar, euro mostly unchanged. * Risk appetite wanes as virus cases grow again. * No major indicator to set a trend. By Julien Ponthus. The dollar edged lower against its rivals on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Risk appetite wanes as virus cases grow again. * Dollar gains slow yuan's rally. * Lockdown in Australian city of Melbourne weighs. By Julien Ponthus. The dollar dipped slightly on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States.
* Amazon (AMZN) tops $3,000 mark for the first time. * ISM non-manufacturing index jumps to highest since Feb. * Uber (UBER) jumps on deal to buy food-delivery app Postmates. By Caroline Valetkevitch.
* Amazon (AMZN) tops $3,000 mark for the first time. * ISM non-manufacturing index jumps to highest since Feb. * Uber (UBER) jumps on deal to buy food-delivery app Postmates. * Indexes up: Dow 1.4%, S&P 1.3%, Nasdaq 1.9% By Caroline Valetkevitch.
U.S. services industries showed signs of recovery in June as businesses took early steps to reopen following the easing of some of the coronavirus-related lockdowns, according to two surveys of purchasing managers released Monday. But analysts warned those gains could be undone in July as a resurgence of cases in some states leads to another shutdown of businesses. Businesses in both surveys reported last month that demand had started to stabilize and that exports were...
* U.S. services sector activity rebounded sharply in June. * Gold hovering close to near 8-year peak hit last week. * Interactive graphic tracking global spread of coronavirus: https://tmsnrt.rs/3aIRuz7 in an external browser. By Shreyansi Singh.
The non-manufacturing sector in the U.S. returned to growth in June as the country continued to reopen, data from a survey compiled by the Institute of Supply Management showed Monday. The ISM Non-Manufacturing Report on Business PMI for June climbed to 57.1%, up 11.7 points from the May reading of 45.4%, surpassing the 50% no-change mark for the first time since the pandemic hit the U.S. This is the largest single- month increase in the index since its debut in 1997..
Activity in the U.S. services sector improved in June for the second consecutive month, but remained in contraction territory, as the country continued to reopen amid Covid-19 infections on the rise in many states, data from IHS Markit showed Monday. The final reading for the U.S. Services Purchasing Managers' Index for June was 47.9, significantly higher than the 37.5 level registered in May and above the flash figure of 46.7.
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