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.
Three of Europe's biggest airlines are to end a legal challenge against the British government after it scrapped its quarantine rule for travellers coming from some of the most popular tourist destinations. A lawyer for British Airways, easyJet and Ryanair said that the airlines would end the judicial review of the policy, on the assumption that Britain publishes a list of exempted countries.
The Baltic Exchange's main sea freight index rose to register a seventh straight weekly gain on Friday, as demand gained steam across all vessel segments.
Economic activity in Brazil contracted significantly in June for a fourth month, a survey of purchasing managers' activity showed on Friday, as the COVID-19 crisis ensured Latin America's largest economy ended the second quarter on a weak footing.
The risk of a deeper economic euro zone recession than predicted in the European Central Bank's baseline scenario has diminished, ECB governing council member Klaas Knot said on Friday. "Recent data solidifies the confidence in our baseline scenario with a more favourable balance of risks," the Dutch central bank president said in a speech at a webinar hosted by Bloomberg.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * U.S. markets are closed for a public holiday today. By Elizabeth Howcroft. The dollar edged up on Friday and currency traders' risk appetite was boosted only slightly by better-than-expected jobs data in the United States, as surging coronavirus cases continued to taper market optimism.
The historic slump across British businesses levelled off last month as some of the economy reopened following an easing of the coronavirus lockdown, a business survey showed on Friday. The IHS Markit/CIPS UK Services Purchasing Managers' Index rose to 47.1 from 29.0 in May, slightly higher than a preliminary reading of 47.0 but still below the 50 threshold for growth.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * U.S. markets are closed for a public holiday today. The dollar edged up in early London trading on Friday and currency traders' risk appetite was boosted only slightly by better-than-expected jobs data in the United States, as surging coronavirus cases continued to taper market optimism.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Currencies show muted reaction to U.S. jobs data. * Traders cautious before U.S. holiday weekend. * U.S.-China tension over Hong Kong also a factor to watch. By Stanley White.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Currencies show muted reaction to U.S. jobs data. * Traders cautious before U.S. holiday weekend. * U.S.-China tension over Hong Kong also a factor to watch. By Stanley White.
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