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  • Treasury Yields Edge Higher on Recovery Optimism

    Treasury yields rose as signs of an economic bounce from the Covid-19 pandemic encouraged investors to move money into riskier assets. The yield on 10- year Treasurys was 0.022 percentage points higher on Monday than last week at 0.691%, while the two-year yield was 0.006 points higher at 0.161%, according to Tradeweb. That put the gap between the two yields at its largest since June 17..

  • First Black Fed President Warns of Systemic Racism's Economic Toll

    Raphael Bostic, the Federal Reserve Bank of Atlanta's president, is shining a light on how economic and social upheaval have changed how the central bank talks and thinks about racial and economic inequality. Bostic, an economist whose work has focused on racial disparities in access to capital, has helped lead those public discussions as the first Black president to lead one of the 12 regional reserve banks in the system's 106- year history. In an essay published after two...

  • New York Municipalities Feel Budget Crunch as Coronavirus Pandemic Squeezes Funding

    Officials in Buffalo, the second-largest city in New York, were already preparing to borrow $18 million to keep them in the black after the novel coronavirus caused municipal revenues-- from parking meters to sales tax-- to shrivel. But when word came from Democratic Gov. Andrew Cuomo's administration that a $98.4 million state grant due on June 25 would be about $20 million short, the city raised its borrowing plans by 50%.

  • Chinese Stocks Surge as Individual Investors Pile Into Market -- Update

    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. Analysts and investors said it was hard to pinpoint a single clear driver for Monday's surge. But some pointed to a front-page editorial in a major state-owned financial newspaper.

  • Global Stocks Jump, Led By Surge in Chinese Markets

    Global stock markets and U.S. futures rallied on hopes for a strong recovery from the coronavirus pandemic and a signal from Chinese state media suggesting investors should support a local bull market. The Shanghai Composite Index gained 5.7% to reach 3332.88, its highest close since February 2018. Brokerages, banks, miners, aviation companies and developers led the rally. U.S. futures tied to the S&P 500 rose 1.3%.

  • Chinese Stocks Surge as Individual Investors Pile Into Market

    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.

  • China Shanghai Rubber Futures Closing Prices, Volume

    Monday, July 6 2020 Natural Rubber Turnover: 261,100 lots Open High Low Settle Prev. Change Vol Open Settle Interest Jul-20--- 10,310 10,310 0 0 39 Aug-20 10,240 10,365 10,215 10,280 10,330 -50 12 51 Sep-20 10,485 10,630 10,420 10,520 10,415 105 219,148 201,643 Oct-20 10,535 10,705 10,525 10,615 10,515 100 31 142 Nov-20 10,610 10,755 10,570 10,660 10,570 90 868 4,151 Jan-21 11,605 11,720 11,510 11,590 11,555 35 33,107 64,173 Mar-21 11,675 11,815 11,605 11,680 11,665 15 4,620...

  • German Manufacturing Orders Rebound in May as Lockdown Eases

    German manufacturing orders rebounded on month in May, federal statistics office Destatis said Monday. Manufacturing orders increased 10.4% in May in adjusted terms after a downwardly revised 26.2% decline in April, according to Destatis. Economists polled by The Wall Street Journal had expected orders to grow at a higher rate of 15% from the previous month.

  • China Is Unlikely to Meet Purchase Targets for U.S. Energy

    WASHINGTON-- Economic fallout from the coronavirus pandemic has cast doubt on whether China can meet its targets to buy U.S. goods under this year's trade deal-- with energy emerging as the biggest casualty. China has made strides toward its agricultural and manufacturing targets, but it remains far behind-- maybe hopelessly far-- an ambitious target for purchases of oil, natural gas, refined petroleum products like propane and butane, and coal, prompting concerns from the U.S. energy...

  • Don't Know How Much Stimulus Is Needed? Put it on Autopilot, Some Say

    WASHINGTON-- One of the trickiest questions facing Congress when it takes up the debate on new stimulus later this month is just how much help the economy needs to recover from the Covid-19 pandemic. If it is already recovering rapidly, the government may spend and borrow more than needed, pushing the national debt higher. If the recession drags on, multiple rounds of economic relief may be necessary, a process fraught with political hurdles.

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