MARKET OPEN: Local market may end week on a high note

Fri, 03 Jul 2020

The domestic market may end the week on a positive note after better-than-expected US jobs data meant investors overlooked the rising number of US covid-19 cases, for now. Nonfarm payroll employment increased by 4.8 million in June, and the unemployment rate declined by 2.2 percentage points to 11.1 percent, the US Bureau of Labor Statistics said. Economists had expected a lift of 3.0 million jobs. “These improvements reflect the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus pa...

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