MARKET OPEN: Mood lifts but concerns still simmering

Tue, 23 Jun 2020

Local financial markets may be cheered by an overnight lift on Wall Street although concerns about rising covid-19 cases continue to simmer. New York City on Monday celebrated the lifting of many coronavirus restrictions after more than 100 days, with people flocking to barbers, hairdressers and outdoor coffee shops. Also, while US home sales dropped to their lowest level in more than nine years in May, the Chicago Fed’s National Activity Indicator rose to 2.61 in May from -17.89 in April suggesting “economic growth increased substantial...

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