News Highlights: Top Global Markets News of the Day

U.S. Stock Futures Edge Higher, Gold Rallies

Bull market in gold continued, sending prices over $2,000 a troy ounce for second day, while U.S. Treasury yields remained near this year's lows.

U.S. Trade Deficit Narrowed in June as Imports, Exports Rose

Trade between the U.S. and the rest of the world picked up in June, with both exports and imports rising as the global economy began climbing out of the recession caused by the coronavirus pandemic.

Treasury Expects Borrowing Needs to Remain Elevated Amid Coronavirus Spending

The Treasury Department expects the government's borrowing needs to moderate somewhat this quarter but remain elevated amid an unprecedented surge in federal spending to combat the coronavirus pandemic.

With Biotech Stocks, Investors Love the Thrill of the Chase

Individual investors are placing their bets on biotech companies pursuing coronavirus advances. Some invest for fun and profit, while others want to be a part of a historic breakthrough.

Foreign Investors Flock to Russian Government Bonds

After a feud with fellow oil exporter Saudi Arabia, Russia's efforts to shore up its finances may be paying off.

U.S. Daily Coronavirus Cases Rise After Dipping Below 50,000 for Two Straight Days

New coronavirus cases in the U.S. climbed above 50,000 for the first time in three days, though the tally remained lower than during recent peaks and some previously hard-hit states saw signs of improvement.

Bank of Thailand Keeps Policy Rate Unchanged

Thailand's central bank maintained its benchmark interest rate at a record low 0.50%, after having taken a series of easing steps earlier this year to bolster the economy amid the Covid-19 pandemic.

Singapore's Central Bank Unveils Initiatives to Support New Benchmark Rate

The Monetary Authority of Singapore has announced initiatives to support the use of the "Singapore overnight rate average," a new benchmark interest rate.

Indonesian Economy Suffers First Contraction in More Than Two Decades

Indonesia's economy posted its first contraction in more two decades as the effects of the coronavirus pandemic cut into household income and business activity in the second quarter.

Coronavirus Redefines Gold's Safe-Haven Role

An unprecedented flood of monetary stimulus and government spending aimed at stemming the economic damage caused by the coronavirus is driving up the price of gold as investors seek a safe-haven asset that will also guard against rising inflation. This is challenging how investors use the precious metal to protect their money.

  (END) Dow Jones Newswires
  08-05-20 0915ET
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