* Global shares climb to a four-week peak. * U.S. services sector data due at 1345 GMT. * Interactive graphic tracking global spread of coronavirus: open https://tmsnrt.rs/3aIRuz7 in an external browser. By Nakul Iyer.
* China's copper smelters cut concentrate processing fees. * Focus on Chile's copper mining industry. By Pratima Desai. Copper prices climbed on Monday towards five-month highs hit last week on growing optimism about demand in top consumer China and concerns about the spread of COVID-19 in Chile, the world's largest producer.
Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed on Monday, as demand picked up after lockdown measures to fight the coronavirus were lifted.
Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed on Monday, as demand picked up after lockdown measures to fight the coronavirus were lifted. The surge was weaker than a Reuters forecast for an increase of 15%, signalling that a return to pre-crisis levels will be slow.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Dollar/yen hugs narrow trading range. * Economic data may give some spark to dollar, euro. * Coronavirus infections remain a threat to currencies. * Aussie in focus before Reserve Bank of Australia meeting. By Stanley White.
* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. * Dollar/yen hugs narrow trading range. * Economic data may give some spark to dollar, euro. * Coronavirus infections remain a threat to currencies. * Aussie in focus before Reserve Bank of Australia meeting. By Stanley White.
A dramatic drop in hotel stays, elective surgeries and dining out since the coronavirus outbreak in February is driving a recession that is unlike every other since the Great Depression. Prior downturns were largely led by lower spending on such things as cars, houses, and factories while this one is hitting the service industries. That change has meant Latino and Hispanic workers are being particularly hard hit, and economists expect the jobs recovery to be slow and halting as...
BEIJING--Economic activity is gathering momentum in China, a raft of survey data showed this week, the latest sign that Beijing's uncompromising approach to tackling the coronavirus pandemic is starting to pay dividends even as the U.S. shuts down swaths of its economy in a struggle to contain the virus. A private gauge of China's service-sector activity, released Friday, surged in June to its highest level in more than a decade, as the easing of virus-control measures in most...
* Shanghai shares hit 5-year high on service sector recovery. * U.S. payrolls jump 4.8 mln but hurdles lie ahead. * European markets see subdued end to week. * Copper on best weekly run in nearly three years. * Rising U.S. COVID-19 cases threaten U.S. recovery. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * By Marc Jones.
Travel insurance policies will adapt to include provisions that allow travel overseas to selected countries under newly relaxed quarantine rules, British transport minister Grant Shapps said on Friday. "I think what we will find from discussions with the travel industry and insurers is that the insurance market will adjust to put provisions in for those countries," he told Times Radio.
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