MARKET OPEN: Rising number of offshore covid cases likely to weigh

Mon, 06 Jul 2020

Any enthusiasm in the domestic market will likely be curbed by concerns about the rising number of covid-19 cases offshore. Wall Street was closed on Friday in the US to mark Independence Day but European share markets ended lower, with Germany’s DAX Index shedding 0.6 percent. Further rises in covid cases led most risk assets to fall overnight Friday, said Mike Shirley, senior trader at Kiwibank. While the US was closed, European bourses were open and selling, he said. In the first four days of July alone, 15 US states have reported...

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