- US contracts, European shares begin week with choppy trade
- Asian indices, despite improved regional data, followed Friday’s Wall Street selloff lower
- PBo
C vows more liquidity to help China's real economy
KEY EVENTS
US futures for the S&P 500, Dow Jones, NASDAQ and Russell 2000, as well as European stocks all reversed on Monday, after opening lower. Each was edging higher at time of writing, buoyed by improved economic data which offset some of the fears triggered by a second wave of COVID-19, even as the total number of confirmed cases globally crossed the 10 million mark.
Yields found their footing and gold pushed higher.
GLOBAL FINANCIAL AFFAIRS
Chinese data over the weekend demonstrated that while the Asian nation's Industrial Profits were down, -19.3% for the year, they rebounded in May, to 6%, the first increase for this measure since the onset of the pandemic. The PBo
C also said it would introduce new tools to ensure liquidity reaches the real economy.
The Stoxx Europe 600 Index started trade this morning in the red, but pushed higher, boosted by travel firms and automobile manufacturers, as investors clung to the notion of a V-shaped recovery, irrespective of rising infections worldwide.
STOXX 600 Daily
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