An improvement in global stock prices
Stock prices rose globally over the past week, as investors assessed data released by global economies and reports indicated that the economy could recover quickly.
In addition to the noticeable improvement in the global stock market, the background of labor market data and manufacturing data in the United States of America, which exceeded all expectations, also helped to support this rise .
The matter that threatens the upsurge and improves economic performance remains the record numbers of daily cases of Corona virus (Covid 19) and fears of a second wave Of injuries, which returned to the concerns of investors and contributed to curbing these gains.
And since this time of the year coincides with the season of companies ’financial results announcements, it is expected that the financial statements of companies will shed more light on the situation of the various economic sectors, and contribute again Increased hopes for an anticipated economic recovery.
Resilience of the US Labor Market
The jobs report showed the recovery of the American labor market in June after all the states began lifting the strict ban measures, as it achieved growth that exceeded expectations during the month.
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This coincided with the appearance of a mixed picture of the US economy against the backdrop of the monthly job report data and the weekly statement of jobless claims last Thursday, as the former reflected an increase in re-employment rates, especially in Restaurants and shops as a result of the reopening of the country's economic activities.
While the unemployment benefits report showed a huge leap in new cases of HIV infection, which led many of these states to stop plans to reopen their economies or even return again to apply previous stages Precautions.
According to the data released by the US Bureau of Labor Statistics, the US economy recorded a growth in the number of jobs by adding 4.8 million jobs in June compared to 2.7 million jobs added the previous month. After modification.
