Overseas Headlines – June 15, 2020

United States:

U.S. Futures Fall, Treasuries Rise on Virus Fears: Markets Wrap

“U.S. equity futures tumbled and Treasuries rallied on signs that a second wave of the pandemic is emerging. S&P 500 futures sank 2%, with airline stocks leading losses in U.S. premarket trading. The dollar strengthened against most other currencies. Oil futures traded near $35 a barrel in New York as BP Plc warned the pandemic will hurt long-term energy demand.”



Germany’s Fastest Aid for Europe Starts Now as Tourists Seek Sun

“To Philipp Schertel’s delight, Europe’s coronavirus lockdown is easing, just as family vacation time looms. “You can’t imagine how happy we are,” said Schertel, 50, a golf course manager from southwest Germany, who has rented an apartment on the Spanish island of Menorca in September. “We’re really looking forward to a nice beach to get away from it all.””



China’s Slow Recovery Points to Hard Road Back for Global Economy

“The fragile recovery in China’s economy is pointing to a long road back for the rest of the world too. A string of top-tier data all showed that China’s factory output, consumer spending and investment continued to improve in May, but there are few signs of a broad-based rebound needed to spur a V-shaped recovery.”



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