Canada's main stock index gave back a small part of this week's rally on Friday, as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns. * The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the pandemic.
Canada's main stock index retreated on Friday as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns, overshadowing early signs of an economic rebound from the pandemic-driven slump. * At 9:33 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 9.92 points, or 0.06%, at 15,612.48.
Futures for Canada's main stock index retreated on Friday as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns, overshadowing early signs of an economic rebound from the pandemic-driven slump. September futures on the S&P/TSX index were down 0.08% at 7:00 a.m. ET. The Toronto Stock Exchange's S&P/TSX rose 0.69% to 15,622.40 on Thursday.
* MSCI EM Stocks index set to jump over 3% for the week. * Spiking COVID-19 cases keep currencies constrained. * South African rand set to outperform EMEA FX for the week. By Ambar Warrick.
* STOXX 600 ends week with 2% gain. * Consumer companies, banks, miners weigh on markets. * DeliveryHero jumps as Q2 order growth doubles. By Sruthi Shankar. European stocks fell on Friday after gaining ground during the week as a surge in U.S. coronavirus cases made investors less optimistic about prospects for a rebound in the global economy.
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.
* Shanghai shares hit 14-month high on service sector recovery. * U.S. payrolls jump 4.8 mln but hurdles lie ahead. * Rising U.S. COVID-19 cases threaten U.S. recovery. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Hideyuki Sano and Imani Moise.
Asian stocks were likely to track a firmer Wall Street session on Friday after strong U.S. jobs data although growing Sino-U.S. tensions and a worrying surge in coronavirus cases is likely to cap gains.
By Stephen Culp. Wall Street closed higher and the Nasdaq reached an all-time closing high on Thursday as investors headed into their long holiday weekend buoyed by a record surge in payrolls, which provided assurance that the U.S. economic recovery was well under way. All three major U.S. stock averages advanced, with the benchmark S&P 500 posting its fourth straight daily gain.
* MSCI world stocks index rises for 4th day. * USD index ticks up; euro, pound, yen dip. * U.S. markets will be closed Friday for 4th of July holiday. By Rodrigo Campos.
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