European stocks are set for a cautiously higher open Friday as European Union leaders prepare to discuss a deal on the bloc's key coronavirus recovery package, while U.S. coronavirus cases continue to soar.
European stocks look set to follow theEuropean leaders will meet in Brussels on Friday looking to hash out a deal on the proposed 750 billion euro , which could face opposition from the "frugal four" member states of Austria, Denmark, Sweden and the Netherlands. The bill may also b, which has opposed linking the distribution of funds with the upholding of the EU's democratic values.
Market focus also remains attuned to the consistent rise of coronavirus cases in the U.S., with a Reuters tally putting new cases on Thursday at 77,000, by far a new daily record. U.S. unemployment claims data also slightly underwhelmed on Thursday, as the initial jobless claims figure came in atSino-U.S. tensions have also weighed on sentiment after, citing a source, that U.S. President Donald Trump's administration is mulling a stateside travel ban on all members of the ruling Chinese Communist Party and their families.
The Institute for International Finance said in a report Thursday that global debt surged to a record $258 trillion in the first quarter of 2020, amounting to 331% of global GDP , and is continuing to rise.has retired its entire fleet of Boeing 747 aircraft on the back of the downturn in global travel demand brought about by worldwide shutdown measures during the pandemic.revealing ahead of its July 23 earnings report that it will post a smaller-than-expected operating loss of 1.
on Friday reported a 1.5% rise in iron ore shipments, citing improving demand from China as the world's second-largest economy emerges from the coronavirus pandemic.
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