Economy adding 2.5 million jobs in May

Фондовый рынок США уверенно растет в начале торгов

Wall St. ebbs off as S&P 500 snaps four-day rally

Shares rose in Bangkok, Taiwan and Singapore but fell back in Jakarta.

The European Central Bank approved a stimulus package that surpassed expectations, almost doubling the size of its Pandemic Emergency Purchase Plan to 1.35 trillion Euros.

But the European Central Bank also warned it expects the region's economy to shrink 8.7% this year due to the pandemic.

Travel stocks, meanwhile, were also boosted by growing expectations for a comeback in travel and tourism demand after the Trump administration eased a proposed ban against flights by mainland Chinese airlines to the U.S.

Coronavirus precautions were cited as the reason for withholding permission for the annual vigil, but participants saw that as a convenient excuse for police wary after months of sometime violent anti-government protests. Kohl's and Nordstrom advanced 11% and 6%, respectively.

Some analysts remain baffled by the ongoing US stock rally.

United States initial jobless claims registered 1.877 million in the week ending May 30, as the COVID-19 fallout continues to ripple through the nation and weighed on the labor market, the Department of Labor reported on Thursday.

The S&P 500 is up 149.62 points, or 4.9%.

The Dow Jones Industrial Average jumped 829.16 points, or 3.1%, to 27,110.98.

Pakistan to witness partial lunar eclipse tonight
A good time to try to catch it will be at moonrise, when it can sometimes appear to be bigger and take on an amber tint. Despite its name, the Moon will retain its creamy colour - but experts believe it could be more visible than usual.


Google Postpones Android 11 Beta Event
Nationwide protests have created a state of civil unrest, and people all around the country are being affected by the happenings. Google announced today, that it has chose to push the announcement of Beta version of Android 11 by a month.


What is a full strawberry moon?
It will be visible from India and other areas of the world, however, North America and most of South America will lose out on it. Like the one that occurred on January 10, the upcoming one will also be a penumbral lunar eclipse .


New jobs data for May defied expectations with a surprise turnaround.

But economists saw pockets of disappointment after the total number of people getting benefits rose slightly after dropping the week before.

All three major USA stock indexes advanced 2 percent or more with the S&P 500 and the Dow Jones Industrial Average now 5.7 percent and 8.3 percent below their respective closing records.

The S&P 500 was up 2.2 per cent within the first 15 minutes of trading after the government said that USA employers added 2.5 million workers to their payrolls last month. That would push the unemployment rate to almost 20% from about 15%.

The S&P 500 rose 81.58 points, or 2.6%, to 3,193.93.

The S&P 500 is now within 8.1% of its record set in February after earlier being down almost 34%.

The yield on the 10-year Treasury surged 10.24% to 0.904% while yield on the 30-year Treasury jumped 3.33% to 1.678%. This area of the market was much earlier than stocks to give warning about the coming economic devastation from the coronavirus outbreak.

In the corporate space, coronavirus-stricken Royal Caribbean Cruises offered up to $2bn in senior notes and convertible bond that mature in 2023 in order to help the group repay debt, while shares in Wells Fargo were upgraded to "hold" by analysts at Deutsche Bank.

Crude oil futures gained 5.13% at $39.33 per barrel, Brent crude slipped 0.38% at $42.14.

Latest News