8 Things to Watch in the Markets Today
Here are 8 events that traders are focusing on during the August 11, 2020 session, according to Markets Insider.
UK unemployment numbers are their highest since 2009, possibly signaling that the job market isn't recovering as fast as economists hope. "The alarm bells couldn't be ringing any louder. Ministers must act now to protect and create jobs," the general secretary of a trade union said.
Hertz sold $29 million in additional shares before the SEC halted them. In May, the car rental company filed for bankruptcy protection.
Warren Buffett has bought back $7 billion of Berkshire Hathaway stock in the past 3 months. Last quarter, Buffett repurchased $5.1 billion of his company's stock. Now it has been reported that he has purchased an additional $2 billion in July.
Apple CEO Tim Cook is officially a billionaire.
A Wall Street guru believes investors should focus on small-cap companies in their portfolios, and believes these 4 sectors will boom during the pandemic.
Warren Buffett may have eliminated Wells Fargo from Berkshire's portfolio last quarter. Last quarter, Berkshire sold almost $14 billion in stock.
Most global stocks posted gains. The DAX rose 2.6 percent, FTSE rose 2.4 percent, and the Euro Stoxx 50 rose 2.6 percent. In Asia, China's Shanghai Composite fell 1.2 percent, Hong Kong's Hang Seng gained 2.1 percent, and Japan's Nikkei gained 1.8 percent.
Softbank, Zalando, and LG are all reporting earnings today.