Daily Market Commentary

July 2, 2020

Treasury fell to session lows after strong June employment report in which May data was revised higher.

Stocks shot into the green as the latest jobs data blew past expectations, with 4.8 million jobs added and the unemployment rate falling to 11.1% from 13.3% the previous week.

China on Thursday warned of strong countermeasures if the U.S., Australia and the U.K. continued taking actions in response to Beijing's tough national security law in Hong Kong, saying foreign pressure would "never succeed."

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