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.

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.

Treasury Yields Hit Lowest Levels Since Covid-19 Lockdowns Eased

Long-term Treasury yields fell to their lowest levels since lockdowns started loosening, as investors sought safe assets amid rising coronavirus cases.

Private-Equity M&A Declines as Lockdowns Ground Deal Makers

Lockdowns that went into effect to help stem the coronavirus pandemic earlier this year grounded many private-equity deal makers and curbed first-half merger and acquisition transactions, figures from data provider Dealogic show.

For Pensions, Valuing Real Estate Is Tough. Covid-19 Brings New Hurdles

Public pension funds invested in malls, apartments and offices over the last decade in search of higher returns. Now they are grappling with how much those real-estate investments are worth in a world transformed by Covid-19.

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.

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.

  (END) Dow Jones Newswires
  07-10-20 0915ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

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