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5 issues to know earlier than the stock market opens June 19, 2020

1. Stock futures rally after report says China will ramp up U.S. farm product purchases2. EU kicks off stimulus negotiationsGerman Chancellor Angela Merkel listens throughout a joint press convention with French President Emmanuel Macron, who attends through video hyperlink, on the Chancellery in Berlin, Germany, on May 18, 2020 on the results of the novel coronavirus COVID-19 pandemic.Kay Nietfeld | AFP | Getty ImagesThe 27 international locations within the European Union began negotiations Friday over a 750 billion euro stimulus proposal aimed toward mitigating the financial blow from the coronavirus. The EU’s govt arm, the European Fee, expects the area’s financial system to contract by 7.4% in 2020.  “Our final purpose is to achieve a deal as quickly as potential,” mentioned European Council President Charles Michel.3. Coronavirus infections proceed to rise, a number of states report report increasesPrivate First Class Armon Ramirez from the Texas Nationwide Guard is given hand sanitizer after testing folks for COVID-19 within the car parking zone of Memorial Swimming Pool on May 18, 2020 in El Paso, Texas.Paul Ratje | AFP | Getty ImagesThe variety of newly confirmed coronavirus circumstances continues to rise within the U.S., with California, Arizona and Florida amongst these reporting report an infection spikes. The rising variety of circumstances comes as states ease quarantine restrictions and companies resume operations. Movie show chain AMC, for instance, mentioned it could open all U.S. places by July 24. To make sure, the uptick in new circumstances coincides with elevated testing.4. China costs detained Canadians, alleges espionageMeng WanzhouAlexander Bibik | ReutersChinese authorities charged two detained Canadians, alleging espionage, as tensions between the 2 international locations develop. Canada referred to as the arrests, which passed off in late 2018, “arbitrary.” The 2 Canadian males have been arrested after Canada arrested Meng Wanzhou, CFO of Huawei Applied sciences, in 2018.5. Alibaba and JD.com gross sales report at China eventAlibaba founder Jack Ma attends the fifth World Zhejiang Entrepreneurs Conference at Hangzhou Worldwide Expo Centre on November 13, 2019 in Hangzhou, Zhejiang Province of China.VCG | Visible China Group | Getty ImagesAlibaba and JD.com dealt with $136.51 billion in gross sales via their respective platforms on Thursday throughout one in every of China’s largest buying occasions. Often called 618 as a result of it falls June 18, the occasion was intently monitored for indicators over the well being of the Chinese language shopper because the nation tries to get better from the coronavirus pandemic.

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Yuuma Nakamura

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