What happened yesterday?
The S&P 500 extended gains into a fourth day, climbing 1.6% as of 4pm New York time. The Nasdaq 100 posted its biggest advance since April after surging as much as 4.1%. European equities picked up modest gains but the FTSE 100 remained resolutely flat.
Share prices for Amazon.com Inc. soared ahead of its Prime Day while Apple Inc. jumped as the tech giant is set to embrace 5G as one of its most significant additions to this year’s iPhones.
The British pound climbed 0.2% to $1.3066. The euro fell 0.1% to $1.1812.
Germany’s 10-year yield fell two basis points to -0.55% while Britain’s 10-year yield declined one basis point to 0.271%.
Gold weakened 0.4% to $1,923.29 an ounce.
In company news:
Facebook has explicitly banned Holocaust denial content for the first time. The social network said its new policy prohibits “any content that denies or distorts the Holocaust”.
Mitchells & Butlers, the pubs and restaurants group, has begun redundancy consultations with a number of staff as it struggles with the impact of the coronavirus pandemic.
Unilever has announced that 99 per cent of investors in the UK voted for the company to be based in London, a significant step in the consumer group’s attempt to simplify its corporate structure.