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Here is what you need to know on Friday, June 26:

 Risk-off kept Asian and European indexes under pressure, although the negative sentiment somehow improved during US trading hours, with Wall Street closing well into the green. Mounting concerns about a second wave of coronavirus contagions sent investors into safety and the dollar higher against most major rivals.

 The US reported its largest one-day increase in new cases on Wednesday, while the WHO warned that the curve is in the rise in Europe, with an average of 20,000 new cases per day and 700 daily deaths in the Old Continent. Meanwhile,  the UK reported 149 new coronavirus-related deaths in the past 24 hours, as UK health experts warn about an imminent second virus wave due to the government lifting lockdown measures.

 European indexes pared their slumps and bounced a bit on headlines reporting that the ECB has introduced a new repo facility for central banks outside the Union, mean to address liquidity needs within the ongoing crisis.

During the American afternoon, news shows that Germany is considering to strike back against President Trump after this last threatened to kill off the Nord Stream 2 gas pipeline with additional sanctions. Chancellor Merkel is trying to pressure him with coordinated EU action.

Gold prices hovered around their Wednesday’s close, ending the day unchanged at around $1,765 a troy ounce. Crude oil prices recovered some ground, with WTI settling around $39.00 a barrel.

Cryptocurrency Market News: Bitcoin continues following the steps of the global stock market