U.S. Treasury Secretary Mnuchin: Next coronavirus stimulus legislation can be passed by the end of July - CNBC

Market news

9 July 2020

U.S. Treasury Secretary Mnuchin: Next coronavirus stimulus legislation can be passed by the end of July - CNBC

Next virus bill will not bailout out states that were badly managed
Any extension of PPP will be much more targeted to businesses that need money
Vast majority of PPP loans above $2 million will be forgiven

European stocks closed: FTSE 100 6,049.62 -106.54 -1.73% DAX 12,489.46 -5.35 -0.04% CAC 40 4,921.01 -60.12 -1.21%

U.S. wholesale inventories drop 1.2 percent in May

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