Dow Jones jumps at open as U.S. job growth accelerates

03 Juillet, 2020, 10:19 | Auteur: Auguste Feret
  • Nasdaq 100 Forecast Stocks Post Stellar Quarterly Gains Led by Tech

The June figures, surveyed up to the middle of the month, overshadowed what may be timelier employment data from weekly jobless claims numbers. The US economy added 4.8 million jobs in June, pushing the unemployment rate to 11.1 per cent, down from 13.3 per cent in May.

The Australian dollar was buying 69.24 U.S. cents at 0800 AEST, lower from 69.29 USA cents at the close of trade on Thursday.

Australian retail figures revealed trade expanded even more in May than originally thought, with ABS data showing turnover rose 16.9 per cent, rather than the preliminary figure of 16.3 per cent. The sale of new vehicles fell over 35 per cent in May - the largest monthly drop since the FCAI began recording the statistics in 1991.

Ukraine’s central bank chief resigns over ‘political pressure’
Ukraine's economy is expected to contract by around 5% this year because of the novel coronavirus pandemic. "I've submitted my resignation appeal to the President.

Blue Jays granted exemption to train in Toronto
Toronto will move camp from its spring training complex in Dunedin, Florida, where players reported for intake testing. Shapiro said the likeliest option for home games - if they can't stay in Toronto - would be TD Ballpark in Dunedin.

FedEx asks Washington Redskins to change team name
The site of RKF Stadium, where Washington played from 1961-96, is owner Dan Snyder's preferred location for a renovated stadium. In November 2019, Nike also reportedly omitted Washington's team name from a "Salute to Service" merchandise campaign .

The Dow Jones Industrial Average rose 201.48 points, or 0.78 per cent, at the open to 25,936.45.

The benchmark S&P/ASX200 has started off in the green, up 0.89 per cent to 6,086.40 points at 10:28am AEST.

But with several states scaling back or pausing reopenings to tackle a recent surge in coronavirus infections, analysts have warned of another selloff in financial markets if the damage to Corporate America mounts.

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