Tuesday, 07 July 2020
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U.S. Stocks Rise as Focus Turns to Central Banks

U.S. equities gained, led by FANG shares, while European stocks pared losses following a mixed session in Asia as a big week for central-bank policy gets underway. The dollar nudged downward.

Facebook, Apple, Netflix and Google parent Alphabet led the Nasdaq Composite higher, while the Stoxx Europe 600 Index pared declines. Deutsche Bank boosted lenders on reports that it™s considering creating a œnon-core unit to wind down legacy assets as part of a broader overhaul. Japanese and Australian shares declined, while equities in Hong Kong rose after the government suspended a controversial extradition bill.

The S&P 500 Index rose 0.2% as of 12:04 p.m. New York time, while the Nasdaq Composite Index gained 0.6% and the Dow Jones. Industrial Average increased 0.2%. The Stoxx Europe 600 eased less than 0.1%. The MSCI Emerging Market Index dropped 0.3%. The MSCI Asia Pacific Index fell 0.4%, the fourth consecutive decline.

Source : Bloomberg

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