What to watch for today
Can Chinese stocks sustain their rebound? The country’s decimated markets rose more than 5% yesterday, bolstered by the government pressuring state-owned companies and their employees to buy up shares. But it remains to be seen whether the reversal will stick, or is just another dead cat bounce.
Janet Yellen offers her views on the US economy. The chair of the Federal Reserve will speak in Cleveland, Ohio on her outlook on the US job market, inflation, and economic growth.
South Carolina takes down the Confederate flag. Governor Nikki Haley signed a law for the contentious flag to be relegated to the state capitol’s “relic room.”
A Canadian jobs update. Canada is forecast to have lost 10,000 jobs in June, after a gain in May, with unemployment at 6.9%. The new data could provide a clue about the Bank of Canada’s decision on interest rates next week.
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