MARKET UPDATE
Dow rises 200 points after strong jobs report, but gains kept in check by coronavirus fears
Thursday, 2 July 2020 23:32 WIB

Stocks rose on Thursday as investors cheered a bigger-than-expected increase in jobs in June as the economy tries to claws back from the coronavirus shutdown. The Dow Jones Industrial Average traded 232 points higher, or 0.9%. The Nasdaq Composite hit a record high, climbing 0.9%. The S&P 500 gained 0.9%. Boeing contributed to the gains, rising 0.6% after the airplane maker completed...

ECONOMY
US NFP surges by 4.8 million in June, Unemployment Rate falls to 11.1%
Thursday, 2 July 2020 19:50 WIB

Nonfarm Payrolls (NFP) in the US increased by 4,800,000 in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed May's increase of 2,699,000 (revised from 2,509,000) and came in better than the market expectation of 3,000,000. Further details of the publication revealed that the Unemployment Rate fell to 11.1% from 13.3% in May and the Labor...

COMMODITY
Oil Futures Climb on Shrinking U.S. Crude Inventories
Thursday, 2 July 2020 19:43 WIB

Crude-oil prices headed higher Thursday for a second session, as values continued to garner support from a bullish report on U.S. stockpiles this week. The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 7.2 million barrels for the week ended June 26, coming after three consecutive weeks of increases. Energy markets have also been keying in on increases...

GLOBAL
Russian Voters Clear Path for Putin to Remain in Power Until 2036
Thursday, 2 July 2020 23:21 WIB

Voters in Russia have approved a package of constitutional reforms that includes opening the possibility that President Vladimir Putin can remain president until 2036.¯ Kremlin spokesman Dmitry Peskov said Thursday the result was a œtriumph. Opposition officials and independent election observers cast doubts on the legitimacy of the voting, which ended Wednesday,...

FISCAL & MONETARY
ECB's Lagarde: Economic recovery will be a complicated matter
Friday, 26 June 2020 15:19 WIB

European Central Bank (ECB) President Christine Lagarde, while presenting at an Online Summit organised by the European Business Leaders' Convention, said that we probably have passed the lowest point of the crisis. Additional quotes: Still cautious because of the second wave of infections. Economic recovery will be a complicated matter. Recovery will be incomplete, maybe...

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