U.S. Futures Rise Keeping Rally Alive; Dollar Dips: Markets Wrap
“U.S. equity futures advanced, while Treasuries slipped with the dollar as investors decided that the global rally in risk assets has more to run. Contracts on S&P 500 pointed to gains at the open, which would put the index on the cusp of wiping out losses for 2020. Oil producers and cruise lines including Occidental Petroleum Corp. and Carnival Plc jumped in the U.S. premarket. The tech-heavy Nasdaq 100 futures were steady as investors shifted out of early gainers into shares that have lagged.”
Italy Might Shake Off Crisis Without Having to Confront Economic Failings
“Italy might just be succeeding yet again in shaking off a crisis without having to confront the failings of its economy. The country, whose growth malaise looms most over the region, is set to become the biggest beneficiary of a European Union recovery plan that may form a blueprint for joint fiscal borrowing.”
Japan Bankruptcies Hit Lowest Since the 1960s: What Gives?
“You’d be forgiven for assuming that Japanese bankruptcies would jump during a nationwide state of emergency that shut thousands of businesses amid the struggle to contain the coronavirus. In fact, though, two surveys on Monday showed bankruptcy filings actually plunged in May. According to one report, from researcher Teikoku Databank, bankruptcies slid 56% to 288, the lowest monthly number since 1964. Another report from Tokyo Shoko Research showed a similar slide.”
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