Indonesia reports 1,301 new coronavirus cases, 49 deaths

Money market funds see largest redemptions since December 19: BofA

LONDON (Reuters) – Money market funds saw their largest redemptions since December 2019 in the week to Wednesday, BofA said in a report on Friday, while $7.1 billion was pulled out of equity funds.

BofA said its ‘Bull & Bear’ indicator was no longer in “buy” territory for the first time since March 17.

Investors also pumped $15.3 billion into bond funds and $2 billion into gold, the report showed.

‘One Last Chance To Save This Country’: Powerful New Video Shows What’s At Stake

A new video going viral on social media shows what’s on the line in November’s election between President Donald Trump and former Vice President Joe Biden.

“This November, America has one last chance to save this country,” the text on the screen reads. 

The footage contrasts Trump’s words to current events, including the administration’s flawed response to the coronavirus pandemic and Black Lives Matter protests, and includes comments from fed-up voters along with the hashtag #VoteForOurLives.

The video was made by Eleven Films, an Oregon-based media company, and is set to a song called “The Dangerous Ones” by Kasey Anderson:

Edouard Philippe will not be re-appointed as French PM – source

PARIS, July 3 (Reuters) – Edouard Philippe will not be re-appointed as France’s prime minister as part of a government reshuffle, a source close to the matter said.

Philippe resigned earlier on Friday, the first formal step in a cabinet reshuffle by President Emmanuel Macron.

Ticked-Off Florida Seniors Turn On Trump In Scathing CNN Segment: ‘He Blew It’

President Donald Trump could be facing trouble in Florida as he falls behind former Vice President Joe Biden in the Sunshine State. 

While Trump defeated former Secretary of State Hillary Clinton there in 2016, polls show him trailing Biden by an average of 7.1 percent, according to FiveThirtyEight.

Now, a new video from CNN shows why Trump might be having problems as longtime Florida Republicans ― including some who voted for him in 2016 ― sound off: 

Sensex jumps 178 points, Nifty reclaims 10,600 level

After touching a high of 36,110.21, the 30-share BSE index settled 177.72 points, or 0.50%, higher at 36,021.42.

Rising for the third straight session, equity benchmark Sensex jumped 178 points on July 3, tracking gains in Reliance Industries, Bharti Airtel and TCS amid buoyancy in global markets.

Regulatory approval to Cadila Healthcare’s Zydus for human trials of a potential COVID-19 vaccine too boosted domestic investor sentiment, traders said.

After touching a high of 36,110.21, the 30-share BSE index settled 177.72 points, or 0.50%, higher at 36,021.42.

The NSE Nifty rose 55.65 points, or 0.53%, to end at 10,607.35.

Bharti Airtel was the top gainer in the Sensex pack, rallying around 4%, followed by Bajaj Auto, TCS, Titan, HCL Tech and Reliance Industries.

On the other hand, IndusInd Bank, Tata Steel and HDFC Bank were among the laggards.

According to traders, domestic indices took cues from Asian peers that followed overnight gains on Wall Street after positive jobs data release in the U.S..

Despite hopes of a COVID-19 vaccine, gains were capped as rising coronavirus cases across the world weighed on the market mood, they added.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note, while those in Europe opened in the red.

Meanwhile, international oil benchmark Brent crude futures fell 1.69 per cent to $42.41 per barrel.

On the currency front, the rupee appreciated 38 paise to settle at 74.66 against the U.S. dollar.

Dozens hurt as fireworks blast traps workers

A series of explosions at a fireworks factory in north-west Turkey trapped more than 150 workers inside the building and left 41 people wounded, officials say.

Local governor Cetin Oktay Kaldirim told Anadolu news agency that emergency services were prevented from reaching the building because of the blasts.

He said there was no indication that anyone had been killed.

The explosions in Hendek could be heard dozens of kilometres away.

Macron names Jean Castex as prime minister in government overhaul

PARIS (REUTERS) – French President Emmanuel Macron on Friday (July 3) named Jean Castex, a top civil servant and local mayor who orchestrated France’s exit from its coronavirus lockdown, as prime minister in a high-stakes cabinet reshuffle.

Castex will be tasked with forming the next government, the Elysee Palace said in a short statement. He replaces Edouard Philippe, who resigned earlier on Friday.

Indonesia reports 1,301 new coronavirus cases, 49 deaths

JAKARTA (REUTERS) – Indonesia reported 1,301 new coronavirus infections on Friday (July 3), taking the total number of cases to 60,695, Health Ministry official Achmad Yurianto said.

Dr Achmad also reported 49 new coronavirus deaths, taking total fatalities to 3,036, while he said 27,568 people have recovered from the virus.