The previous week followed an ambiguous format for financial markets. On Wednesday, 22 July, the leading American indices set new record-highs for the last five months after the news about the progress made by a number of international pharmaceutical companies in developing a coronavirus vaccine and better than expected financial indicators of American companies. However, on Friday, 24 July, markets closed with a sell-out spurred by weak data on the US labor market and another wave of the standoff between the US and China
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