News Highlights: Top Global Markets News of the Day

U.S. Stock Futures Slip Amid Flight to Government Bonds

Futures pointed to a lower open on Wall Street and investors piled into the safety of government bonds as jitters mounted about the recovery from Covid-19 lockdowns.

Goldbugs Take Center Stage in Markets, but the Real Show Is With Energy

It's getting harder to bet on a strong economic recovery. The wave of states opening up their economies has directly resulted in a wave of new coronavirus infections.

Traders Bet on Rally for China's Markets

A dramatic rally in shares of Chinese companies has unleashed a frenzy of trading activity, with many investors positioning for an even bigger advance.

U.S. Coronavirus Cases Hit Another Daily Record

New coronavirus cases in the U.S. rose by more than 63,000, another single-day record, as hospitals in Texas, California and other states strain to accommodate a surge of new patients.

Coronavirus's Worst Impact on Oil Demand Has Passed, IEA Says

The worst effects of the coronavirus on global oil demand have passed but will continue to echo as the market slowly recovers in the second half of 2020, the International Energy Agency said.

China Auto Sales Bounce Back From Worst-Ever Quarter

Auto sales in China increased 10.4% in the second quarter year over year, as dealers and auto makers began to repair the damage from a first quarter wrecked by the coronavirus.

The Real Test of Europe's Banks Comes This Fall

Lenders face a rough second half as governments unwind the programs that cushioned the initial blow of the coronavirus crisis.

China's Energy Policy Is a Darker Shade of Green

China is simultaneously ramping up investment in both renewables and coal, raising uncomfortable questions for investors as well as climate activists

Biden Outlines $700 Billion Economic-Revival Plan

Former Vice President Joe Biden laid out a $700 billion plan to revive the U.S. economy with an America-centric approach to job creation and manufacturing, issuing a direct challenge to President Trump as they prepare to compete for working-class voters in the November election.

  (END) Dow Jones Newswires
  07-10-20 0715ET
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