Britain's decision to allow China's Huawei to play a limited role in building its 5G network is not "fixed in stone" and is being reviewed following the imposition of U.S. sanctions, culture minister Oliver Dowden said on Monday.
Citi analysts sum up the situation on markets with their comment that bullish and bearish forces might cancel each other out, leaving global equities more or less at current levels in 12 months time. The bearish forces? That's a poor prognosis for the U.S. economy and companies. As for the bulls, markets are still trading on June glories, especially record U.S. jobs numbers.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Dollar/yen hugs narrow trading range. * Coronavirus infections remain a threat to currencies. * Aussie in focus before Reserve Bank of Australia meeting. By Thyagaraju Adinarayan.
London Stock Exchange (LDNXF) index compiler FTSE Russell began publishing forward-looking interest rates on Monday, entering a four-way race for a new market opened up by the scrapping of Libor next year.
Chinese shares jumped, with the flagship Shanghai Composite Index hitting its highest since early 2018, as small investors bet that a recovering economy and easier financial conditions would fuel a boom in corporate profits. The index gained 5.7% to 3332.9, its biggest one-day gain since 2015. Brokerages, banks, miners, aviation companies and developers led the rally. Citic Securities (CIIHF), a leading brokerage firm, rose 10%-- the maximum daily move allowed in China.
SAN FRANCISCO, July 6, 2020 The global solar charge controller market size is expected to reach USD 4.15 billion by 2027, expanding at a CAGR of 15.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. Implementation of climate change policies, along with provision of government subsidies for power generation through renewable energy, is likely to strengthen market growth...
Copper and most other base metals rose alongside equities markets on Monday, riding on hopes of a pickup in pace of China's economic recovery and more stimulus steps to support the global economy.
Japanese shares rose on Monday as signs of an economic rebound in China boosted shippers and steelmakers, while worries over a spike in COVID-19 cases in some U.S. states were offset by prospects of more policy support to sustain the recovery. Japan's Nikkei share average rose 1.83% to 22,714.44, its highest close since June 10.
European shares jumped in early trading on Monday, with a rally in China's markets setting an upbeat tone as investors banked on the world's second biggest economy to lead a recovery from the coronavirus crisis. The pan-European STOXX 600 rose 1.7% by 0714 GMT, with stocks exposed to China, like carmakers, industrials, energy firms and luxury goods makers rising strongly, while banks also rallied.
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