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More than 600,000 lose work in UK as COVID hits jobs market

福利网站The number of people on British employers' payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, data showed on Tuesday.

Stimulus splurge restarts global stocks rally

Britain tells banks to prepare for pandemic debt pile

M&G keeps $3.2 billion UK property fund frozen after six-month suspension

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France gives its drugs industry a shot in the arm to tackle pandemic

France's president and top drugmaker announced plans on Tuesday to bolster domestic production of medicines as countries scramble to strengthen their healthcare industries to counter the coronavirus pandemic.

AB Volvo to reduce white-collar workforce by 4,100 in second half of 2020

福利网站Truck- and construction equipment maker AB Volvo plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement on Tuesday, citing the effects of the COVID-19 pandemic.

U.S. retail sales post record increase; big hole remains

U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession triggered by the COVID-19 pandemic was over or drawing to an end.

Fed's Powell set to reiterate long U.S. economic recovery, call for more fiscal support

福利网站Federal Reserve Chair Jerome Powell on Tuesday begins the first of two days of testimony before U.S. lawmakers in which he will map out how the United States faces an uncertain, uneven and prolonged economic recovery from the novel coronavirus crisis that will likely require continued monetary and fiscal support.

Money managers step warily around euro zone bank 'value trap'

Euro zone bank stocks may have never been cheaper, but many long-term investors remain deeply wary of a sector labelled the ultimate 'value trap' after a decade of scandals and underperformance since the financial crisis.

Apple's App Store, Apple Pay targeted by EU antitrust regulators

福利网站Apple on Tuesday found itself the target of two EU antitrust investigations into its App Store and Apple Pay as the bloc turned up the heat on online gatekeepers over alleged anti-competitive business practices aimed at blocking rivals.

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Markets

FTSE 100 » 6,280.93 +3.57%
Euro Stox » 1,423.82 +3.38%
S&P » 3,148.52 +2.67%
Nikkei 225 » 22,582.21 +4.88%
GB 10YR
+0.230
+0.025
DE 10YR
-0.416
+0.023
JP 10YR
+0.023
+0.002
GBP / USD » 1.2639 +0.29%
EUR / GBP » 0.8924 -0.63%
GBP / JPY » 135.8100 +0.43%

Europe Market Report