Main US indices all closed stronger in accordance to the June employment data which recorded 4.8 million new jobs or far beyond the economists’ expectations of 2.9 million. With the additional jobs, unemployment rate has dropped from 13.3% in May to 11.1%. Meanwhile the US exchanges will close early this weekend to welcome the celebration of the US Independence Day.
The strengthening global economic data will bring positive sentiment to the JCI movement today, and continuing the hike from yesterday. However, investors must pay close attention to the high number of new cases of Covid-19, which has just been received as many as 1,624 cases daily.
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