With the beginning of the week’s trading, stock futures in the United States continued the bullish movement of last week, when Dow Jones rose from 25800 at the time of writing, the Dow Jones has increased by more than 375 points, and the S&P 500 and Nasdaq futures are also trading at higher levels.

Data releases in the coming week will be scrutinized eagerly for clues on the length and depth of recessions caused by the Covid-19 pandemic, most notably the flash PMI updates for the US, Europe and Japan due on Tuesday.

American stock markets fell today, as European stock indices witnessed a significant decline due to fears of a second wave of the Coronavirus pandemic. This potential return to crisis levels of infection could delay the global economic recovery that has been anticipated – or hoped for – in second half of the year.

During the past week, we witnessed several important economic surprises, including the European Central Bank raising the value of the pandemic purchase program by €600 billion and extending it to June 2021.