Keep enjoying freedom to its fullest! Happy 4th!

Keep enjoying freedom to its fullest! Happy 4th! Hi there! Today we salute and honor those who sacrificed their lives for our nation. We cherish the peace and freedom achieved. We remember our national heroes. We are proud of being Americans. As the festivities have been called off due to COVID-19, this year's celebration is going to be different. But it doesn’t matter whether we celebrate this holiday in a large crowd, watching the loud parade and enjoying fireworks, or at home, with friends, the one thing we all know is that America won’t bend, we won’t bend because we’re free. Being engaged citizens, we are constantly trying to keep up with the rapid pace of the modern world. We strive to be aware of major affairs and this is what helps us build informed opinions and expand perspectives. So without further ado, let’s get a pulse of what’s happening around the world. Strong Weekly Gains on Stimulus Boost [image] [image] U.S. equities have posted solid weekly gains: the Dow Jones Industrial Average surged 3.3% this week while the S&P 500 rose 4%. Meanwhile, the Nasdaq Composite jumped 4.6% for its biggest weekly increase since May 8. The three major indexes ended second-quarter 2020 on a very good note: the S&P 500 rallied nearly 20%, the Dow ended Q2 2020 with an amazing 17.8% gain, while the Nasdaq Composite jumped 30.6%. On Thursday, the S&P 500 advanced 0.45% to close at 3,130.01 while the Dow rose 0.36% to finish at 25,827.36. The Nasdaq Composite gained 0.52% to 10,207.63. On Friday, U.S. financial markets were closed for the 244th Independence Day. What’s driving the market higher? Well, many factors including the ease of lockdown measures, new job additions (+4.8 million jobs in June), and the government’s several stimulus measures. Meanwhile, the unemployment rate fell to 11.1% from 13.3% in May. European Stocks Run Red [image] European shares fell on Friday. The Stoxx 600 benchmark index plunged 0.6% to 365.91. The German DAX 30 index lost 0.4% while the French CAC 40 fell 0.8%. Alarming surges in coronavirus cases overshadowed the upbeat economic data. The Euro-zone Services PMI for June came in at 48.3, climbing from May’s 30.5 and beating a forecast of 47.3. In Spain, the services PMI surged to 50.2 from 27.9. The Euro Area June Composite PMI was 48.5, from 31.9 in May. As we celebrate our nation’s independence, let’s not forget that our contribution to moving the country forward is very important. Let's continue to work toward the prosperity of our dear country. Happy Independence Day! [image] The US dollar fell after the Federal Reserve announced that it would start the massive purchase of corporate bonds. At 2:55 AM ET, the dollar index was down 0.2% at 96.498. EUR/USD gained 0.2% to 1.1340, while the risk-sensitive AUD/USD advanced 0.1% to 0.6924. “The turn that you’ve seen with the dollar coincided with the Fed’s announcement about creating an index to buy a portfolio of bonds. The market took that as a risk-on signal and you saw Treasury yields rise on the back of that. And that coincided with a bit of a risk-on move in currencies as well. So, the dollar changed trajectory from earlier in the day,” said Charles Tomes, portfolio manager at Manulife Asset Management. Well, that should do it for now. Try not to miss out on the major market moves! Bye! [image] [Unsubscribe]( InvestorExpos.com 1041 Market St # 214 San Diego, California 92101-7233 United States