Daily Archive: June 6, 2020

Thailand reports two new coronavirus cases, no new deaths By Reuters


BANGKOK (Reuters) – Thailand on Saturday reported two new coronavirus cases and no new deaths, taking its total confirmed cases to 3,104 infections and 58 deaths since the outbreak began in January.

The two cases are men who returned from Russia and Kuwait and are in quarantine, where most of Thailand’s recent cases have been detected, said Panprapa Yongtrakul, an assistant spokeswoman for the government’s COVID-19 Administration Centre.

There are 2,971 patients who have recovered.

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‘Enough is enough’: Markets surge as strong jobs data suggest worst may be over

As recently as Thursday, North American markets were looking tired. There were signs that they had risen from their March ashes too quickly and many analysts argued equities had become so overvalued that they were due for a pullback.

On Friday, investors all but discarded that thesis, driving the Dow Jones Industrial Average up 829 points and the S&P/TSX Composite Index up 326 points on the back of employment data that suggested the worst of the pandemic-induced economic crisis may be over.

The U.S. economy added 2.5 million jobs last month and widely beat the expectations of economists who predicted it would instead lose eight million. A comparable turnaround occurred in Canada, which reported gaining 289,000 new jobs in May, when economists were expecting a loss of 500,000.

The numbers were almost too good to be true for CFRA Research chief investment strategist Sam Stovall.

“When I heard jobs actually

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Has the stock market lost its mind? Probably. But there’s a slim chance that equities are entering a new era of high valuations

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