This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here.
Happy Friday, Bull Sheeters. Solid U.S. labor data couldn’t save the Dow and S&P 500 from finishing in the red yesterday. But the benchmark S&P 500 is still up more than 50% since its March lows as it nears a new all-time high. Alas, U.S. futures point to a flat open today.
Let’s check in on the action.
- The major indexes are mostly higher, with the Shanghai Composite leading the way, up 1.2% in afternoon trade.
- China’s industrial output continues to crank into high gear, rising 4.8% YOY in July. Elsewhere, China’s retail sales were flat.
- There are just 48 total active coronavirus cases, but New Zealand isn’t taking any chances. It’s extending a lockdown in Auckland as a 102-day streak of being COVID-free was snapped a few days ago.
- The European bourses were down at the open with travel and energy stocks leading the way lower. The benchmark Stoxx Europe 600 dropped 1.6% two hours into the trading session.
- Daimler shares fell 1.4% in mid-morning trade after