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Europe close: Stocks drop heading into 4 July, banks lower
Stocks across the Continent reversed early gains amid selling in shares of banks and amid news that multiple US states pausing moves to ease lockdowns.
Week ahead: US jobs data, global manufacturing in focus
The focus in financial markets over the coming week will be on the US jobs market and global manufacturing.
US consumer confidence surges in Northeast, University of Michigan says
The University of Michigan's consumer confidence index jumped increased from May's level of 72. 3 to 78. 1 for June, coming in slightly worse than the preliminary reading of 78. 9 published roughly a fortnight before.
US personal income and spending beat forecasts in May, savings at record high
American's income and spending both came in ahead of forecasts in May, despite which personal savings remained at record levels.
Europe midday: Stocks extend rebound, brush off Covid-19 concerns in States
Stocks across the Continent are extending their rebound from the previous day, even as news breaks of multiple US states pausing moves to ease lockdowns.