The Monday Mix: June 1 – 7, 2020

coffee cup

The US economy regained 2.5 million jobs in May (vs. a loss of more than 7 million expected),  with more needed: almost 20 million fewer Americans are working currently than before Covid-19.

The ISM index of the US services sector rebounded to 45.4 in May (from 41.8 in April), with a reading under 50 indicating contraction.

Oil prices continued to rise as OPEC+ extended production cuts through July and oil demand from China rose almost 20% in the past month.

The European Central Bank will double its purchases of Eurozone debt to 1.35 trillion euros through mid-2021, providing much-needed relief to pandemic-hit countries.

Little progress has been made on Brexit free trade deal, with the UK aiming for an agreement by Oct. 31.

Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.