Analytics, 31 July 2021
Week 30 in Brief
- U.S. stocks closed lower Friday, posting a weekly loss to close out the month, with renewed concerns about a rise of cases of the delta variant COVID-19 and disappointing results from Amazon partly blamed for the slump.
- The pullback on Wall Street also took shape after stock-market selling in Asia capped a withering week. Regulatory actions in China outweighed optimism around the quarterly earnings season and economic recovery.
- In Europe, data eurozone economy grew more strongly than expected in the second quarter as the bloc rebounded from a recession caused by the COVID-19 pandemic, preliminary data showed.
- In commodities markets, oil prices fell back after global benchmark Brent on Thursday topped $76 a barrel on tight U.S. supplies.
- In currencies, the ICE US Dollar Index, a measure of the currency against a basket of six major rivals, was up 0.3%.