Company / Analytics

Analytics, 04 July 2020

Week 27 in Brief

How did the major indexes perform?

US stocks ended the week higher after the June employment report showed the economy added more jobs than expected, reassuring investors that the recovery is continuing. The U.S. regained 4.8 million jobs last month, while the unemployment rate ticked down to 11.1% from 13.3% in May. U.S. markets were closed on Friday for the July Fourth holiday.

European markets finished broadly lower on Friday with shares in London leading the region.

Asian shares rallied to a four-month high on Friday on robust US payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the US kept a lid on further risk-taking.



The week Ahead?

Stocks in the week ahead will focus on the severity of the spread of the coronavirus, during what should be a lull between Thursday’s strong jobs report and the upcoming earnings season.

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