U.K. Stores Reopen as Government Eases Restrictions

U.K. Stores Reopen as Government Eases Restrictions

Jun.15 -- Retail outlets in England selling non-essential items are opening today for the first time since March, as the government eases restrictions put in place to curb the coronavirus. Kyle Monk of the British Retail Consortium assesses the outlook for the sector in an interview on "Bloomberg Markets: European Open."...

U.S. Stock Index Futures Slide Amid Growing Second Wave Concerns

(Bloomberg) -- U.S. stock index futures dropped alongside shares in Europe and Asia as worries over a potential second wave of Covid-19 led to deepening concerns over the global economy.Contracts on the S&P 500 declined 3% as of 8:27 a.m. in London. Futures on the Nasdaq 100 Index and Dow Jones Industrial Average fell 2.4% and 3%, respectively. On Friday, U.S. stocks rallied from the biggest rout in 12 weeks as dip-buyers emerged for firms that bore the brunt of Thursday’s selling.“Despite Wall Street stabilizing and finishing the week with a positive session, it appears that the FOMO, fast-money, peak-virus, buy-everything, v-shaped recovery herd remains nervously grazing near the edge of the cliff,” Jeffrey Halley, senior market analyst for Asia Pacific at Oanda, wrote in a note.The Stoxx Europe 600 Index tumbled 2.5%, with cyclical sectors such as miners and oil leading the declines. Equity indexes in Japan, Hong Kong, China,...

Why You Absolutely Must Keep on Truckin’ Through 2020!

Things are getting better in the freight markets! This is indeed great news. Rates are increasing, tonnage is increasing, freight availability is improving. This exactly why we’ve been telling truckers they need to keep on truckin‘. Let’s look back a few months. Things were bad. Lots of trucks on the road, very little freight. The […]