It will probably not come as a huge surprise to anyone that COVID-19 will be the focus of attention as the spectre of a second wave looms large. The World Health Organisation has said that it would be “unwise” to predict when a vaccine would be ready against the virus. But it did say that it expects interim results from clinical trials it is conducting on some drugs within the next two weeks.
Retail sales in the eurozone are expected to have rebounded by nearly 15% in May compared to April. But despite the strong monthly performance, shopkeepers are still nursing year-on-year declines of almost 9%.
Indonesia will also report retail sales. They are expected to show a 23% drop year on year for May. It would be the sixth straight month of declines, amidst restrictions that forced consumers to stay at home.
Closer to home, Malaysia will report retail sales that could show a slowdown in the rate of decline....