Day: June 9, 2020

Stocks Slip After Historic Rally; Dollar Rises: Markets Wrap

(Bloomberg) — European stocks and U.S. futures edged lower, as momentum slowed in risk assets after a historic rally. Treasuries advanced.

The Stoxx Europe 600 Index opened with declines in banks undercutting gains in travel shares. Asian shares continued higher, just hours after investors pushed the S&P 500 Index back into positive territory for 2020. The dollar strengthened for the first day in nine sessions.

With global equities rebounding to their levels in February, concern that the bounce back has far overshot the economic recovery continues to weigh on investors. The World Bank warned the global economy will contract the

Increase in jobs, soaring stock market shows transition of greatness for US has begun: White House

The markets clearly have confidence in President Trump — the jobs President who created the hottest economy in modern history once and will do it again, she asserted.

The soaring stock market and addition of 2.5 million jobs last month are the evidence that the transition of greatness for the US has officially begun due to its strong policies despite the coronavirus pandemic, a senior US official has said. “The transition to greatness has officially begun. Friday’s jobs report was encouraging to say the absolute least,” Kayleigh McEnany, the White House Press Secretary, told reporters at a news conference here

MSME NPAs to be a double whammy for small business sentiments; these added measures may get mojo back

The IBC process is already loaded with a large number of accounts and delays are taking place.
  • By Manguirish Pai Raikar

Ease of Doing Business for MSMEs: The revival of businesses and the resultant creation of employment, more particularly, saving jobs is as herculean a task, if not more than saving the country from Covid-19. The economy was already going downhill pre Covid -19 but the situation further deteriorated with the outbreak of Covid 19. With the nearly 11 weeks of lockdown and near standstill of business/economic activity, already-stressed businesses are in a worse state with practically no liquidity. Even