US Stock Markets are Steady Amid Economic Recovery and Trade Talks
The US stock futures are steady amid hopes over further economic stabilizing due to trade talks with China. Bloomberg reported that China seeks to fast-track purchases of American farm goods according to the Phase One trade deal.
June Week 2 Wrap-Up: US Stock Market Plunge after Seven Consecutive Weekly Gains
U.S. stock markets reported gains in Friday trading after generating the worst single-day loss on Thursday since early March as investor's concerns over the second wave of virus dampened hopes of economic recovery in the second half of the year.
Oil Prices Plunged as Demand and Supply Fundamentals Turned Bearish
Oil prices reported heavy losses for the second week of June after posting massive gains in the past seven consecutive quarters, as investor's concerns increased over the prospects for the second wave of coronavirus following the sharp growth in virus infections across the United States.
Junk Bonds Strike Back – FED
Recently Powell announced that the FED would be extending some of its purchasing programmes until 2022. Including the purchasing of riskier assets from corporate bonds to Junk bonds. Three quarters of a Trillion dollars has been allocated to the purchasing of corporate bonds which is unprecedented. This move has been…