US weekly jobless claims under 1 million for the first time since the start of the crisis – Live updates

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4) Media mogul Sumner Redstone dies aged 97: The American mogul was responsible for transforming his father’s drive-through chain, National Amusements, into a sprawling empire that now encompasses Viacom, Paramount Pictures , CBS and MTV.5) Wetherspoon boss Tim Martin called on a top scientist to share his evidence linking an Aberdeen coronavirus outbreak to customers in pubs. The outspoken chairman of the pub chain has targeted Aberdeen University bacteriology professor Hugh Pennington, who said a recent outbreak in the Scottish town was linked to transmission among drinkers.

What happened during the night

STokks in Asia-Pacific have dug their way out of a hole for the year as the global market recovery from the coronavirus pandemic continues to climb.

The MSCI Asia Pacific index gained 0.6 pc to 171.31, ready to erase its loss since the start of the year after the S&P 500 index closed just before reaching a record level. The measure jumped 41% from its March low, led by energy and materials stocks as investors bet on a pickup in business activity amid the gradual lifting of lockdowns in the market. region. Utilities and financials underperformed during the period.

The Asian index rebounded after a sell-off that wiped nearly $ 6 trillion from its market value, thanks in large part to a rally in Chinese stocks that rank among the best in the world.

While optimism about the trajectory of the pandemic has helped US actions reach new heights, enthusiasm in Asia has been more restrained as a resurgence of the virus in several countries in the region is testing theories. rapid recovery in corporate profits.

The Asia-Pacific indicator remains more than 8% below the all-time high it set in January 2018. It continues to lag behind the S&P 500, which is up 4.6% this year, helped by a rally in technology stocks. The European benchmark is far behind and is still down by around 10% in 2020.

Coming today

Intermediate results: 4imprint, Coats Group, GVC, Helios Towers, Just Group, National Express

Full year: Renishaw, Watches from Switzerland

Commercial declaration: Tui

Economy: Rics Housing Survey (UK); inflation (Germany); unemployment (France); jobless claims (United States)



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