Global markets dropped on Friday, extending the weekly losses in response to the growing worries about the V-shaped global economic recovery as several US states posted record spike in coronavirus cases, while the World Health Organization warned that the pandemic is accelerating around the globe.
Tesla Inc. (TSLA), the California-based electric vehicle maker has become the world’s most valuable car company with $250 billion market value, with its share price climbing to record highs of $1.400 at the beginning of June.
The European Commission, amid the coronavirus outbreak, approved a Finnish guarantee plan of around $671 million (€600 million) in supporting the maritime companies.
As we closed the quarter, US markets had their best quarterly performance since 2008. Not bad considering the devastation we witnessed when COVID19 broke out. However, the bounce is not spread out evenly against all sectors or stocks.
For many years, many have said that the EURO is a currency destined to fail. Yet, Europe has been getting richer every year, and its citizens enjoy the highest living standards in the world. Yes, Germany’s growth is mediocre at best, however this does not mean that German citizens haven’t received above inflationary pay raises
The Shanghai Composite index-CSI 300 finished the last session of the week with 2% in profits, gaining support from the improved Chinese Services PMI data and on signs for a faster recovery of the local economy after the pandemic fallout.
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