As UK markets are dampened while we wait for Rishi’s summer mini-budget, England cricket’s first COVID-19 test is also at risk of ‘a little rain’.
There’s more than Scotch mist on the domestically focused FTSE 250 and most major Asian indices are experiencing drizzle too as second wave fears mount.
Lockdown is showering unrest in Belgrade, while US infections now top three million. Another 80,000 US COVID-19 deaths are expected before November, but some challenge Trump’s claim that his pandemic aid has saved 51 million jobs.
It’s much sunnier in China, with the CSI 300 up again and Morgan Stanley tipping it to nearly reach 2015 levels.
Boohoo is calling in umpires to investigate after losing a third of its value in two days and being shunned by online retail bellwethers. Bus and trains operator FirstGroup is not even sure it can continue as a going concern.
Continuing the weather theme, we have new research on Hurricane Energy after its 8% fall in second-quarter oil production. Usain Bolt is naming his daughter Olympia Lightning and books by Trump’s niece and whistle-blower Edward Snowden threaten separate storms in the US.
The FBI’s head has made a thunderous speech claiming that China has probably stolen the personal data of all Americans. Trump is also blaming China for the US withdrawal from the WHO.
But the weather doesn’t matter much if you have a Tesla, which hit a new high for the fifth consecutive session. Warren Buffett also seems to be going against seasoned advice with almost half of Berkshire Hathaway’s portfolio now comprising a single stock.
The Stream Team