After more dovish communications from Federal Reserve officials sent U.S. stocks to record highs last week, second-quarter corporate earnings results that start this week will pose the next test for investors.
China’s gross domestic product rose 6.2% in the second quarter from a year earlier, the slowest pace in at least 27 years. The GDP figure comes as the world’s second largest economy remains locked in a trade war with the U.S.
Amazon kicks off its fourth annual blockbuster Prime Day sale at midnight tonight, promising “more than one million deals globally” for products from Alexa-enabled devices to goods from many of the company’s third-party sellers.
China’s trade with the United States plunged last month amid a tariff war. Imports of US goods fell 32% over the same period last year, while exports to the American market fell 8%. China’s trade surplus with the US widened by 3%, giving critics ammunition to demand Washington take a hard line with Beijing.