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T-Mobile Us (TMUS) released earnings per share at 0.61 USD, compared to market expectations of 0.11 USD.

Mexico’s IPC gained 96 points or 0.3% to 37,998 on Thursday, as better-than-expected data in US unemployment benefits lifted sentiment. On the domestic side, president AMLO said Mexico has guaranteed access to Covid-19 vaccine. On Wednesday, data showed nearly 5 million people returned to work in Mexico in June, as the country continues to reopen its economy.

Brazil’s Ibovespa gained 1323 points or 1.3% to 104,126 on Thursday, as new stimulus conversations continued in Washington and US unemployment data came better than expected. On the domestic side, Economy Minister Guedes said that the government is set to announce the privatization of 3 or 4 large companies within the next 30-60 days. Minister Guedes added the country’s economic output is improving and that the contraction this year will be just over 4%. On Wednesday, Guedes said the country may reduce its new VAT tax to as much as 8% if the proposed 12% rate ends up increasing the country's overall tax burden. On the pandemic side, Rio de Janeiro suspended classes until August 20, while Sao Paulo will allow bars and restaurants to open until 10 pm.

Illumina (ILMN) released earnings per share at 0.62 USD, compared to market expectations of 0.72 USD.

Wall Street closed in the green on Thursday and extended a 5-day rally nudged by a new Nasdaq record and the tech sector, as a new coronavirus stimulus package discussions continued in Washington. On the macro side, applications for US unemployment benefits fell to 1.186 million last week, the lowest since lockdowns started and well below expectations of 1.423 million. Traders now await the monthly nonfarm payrolls report for July, expected to show a net gain of 1.264 million jobs. The Dow Jones climbed to an 8-week high of 186 points or 0.7% to 27,387. The S&P 500 gained 21 points or 0.6% to 3349. The Nasdaq added 110 points or 1% to a fresh high of 11,108.

WTI crude settled 0.6% lower at $41.95 a barrel on Thursday, as support from Iraq’s planned production cuts was tempered by concerns that a rise in coronavirus infections could stall recovery in fuel demand. Iraq, which exceeded output quotas in May and June, said it would make an additional cut in its oil productions of about 400,000 barrels per day in August. Still, a sharp rise in Covid-19 infections in the US has prompted fears of another round of economically damaging lockdowns. Meanwhile, Brent crude ended slightly higher at $45.25 a barrel.

Canada’s main stock index rallied to its highest closing in five months as materials companies got a boost from an uptick in gold prices. Investors were also optimistic that US policymakers will reach an agreement on a coronavirus relief package by the end of the week. President Donald Trump said he expects to sign orders on Friday or Saturday extending enhanced unemployed benefits and imposing a payroll tax holiday.

Wall Street rallied on Thursday, with the Dow Jones rising to an eight-week peak and the S&P 500 ticking closer to its record high as investors were optimistic that US policymakers will reach an agreement on a coronavirus relief package by the end of the week. President Donald Trump said he expects to sign orders on Friday or Saturday extending enhanced unemployed benefits and imposing a payroll tax holiday. Investors also cheered better-than-expected weekly jobs data, with new jobless claims improving to a pandemic-era low of 1.19 million.

Dow Jones increased to a 8-week high of 27284

Colombia's consumer confidence index rose to -32.7 in July 2020 from -33.1 in the previous month, amid the easing of coronavirus lockdown restrictions. The gauge of current economic conditions increased to -59.9 from -63.6 while household's expectations dropped to -14.6 from -12.7 in June.

American Electric Power (AEP) released earnings per share at 1.08 USD, compared to market expectations of 1.06 USD.

Bristol-Myers Squibb (BMY) released earnings per share at 1.63 USD, compared to market expectations of 1.46 USD.

The MOEX lost 4 points, or 0.1% to 2,895 on Thursday, ending a four-day winning streak as investors weighed an uncertain outlook for the US coronavirus relief package. On the economic data front, latest figures showed Russia’s inflation rate rose to an eight-month high of 3.4% in July, matching market expectations and driven by both food and non-food products.

The annual inflation rate in Russia rose to 3.4 percent in July of 2020 from 3.2 percent in the prior month and matching market expectations, though remaining below the central bank's 4 percent target. It was the highest inflation rate since last November, pushed up by prices of both food (4.2 percent vs 3.9 percent in June) and non-food products (3.1 percent vs 3 percent). Meantime, services inflation remained steady (at 2.5 percent). On a monthly basis, consumer prices were up 0.4 percent, after increasing 0.2 percent in June and in line with market consensus.

The FTSE MIB dropped 265 points, or 1.3% to close at 19,475 on Thursday, ending with a three-day winning streak dragged down by weak corporate updates. On the economic data front, industrial production in Italy fell 13.7% from the previous year, and rose 8.2 percent from the previous month. Also, construction activity expanded for the third consecutive month but a slower pace.

The IBEX 35 fell 82 points, or 1.2% to close at 6,958 on Thursday, reversing from three sessions of gains, amid concerns over the recent spike of coronavirus infections. Spain reported 1,772 new cases, the most since a national lockdown was lifted in June and more than the previous day’s record rise. On the corporate front, Dia supermarkets presented an increase in its sales and a reduction in its losses until June.

European equities closed in the red on Thursday with the DAX 30 falling 0.5% at 12,600, as investors held their breath over whether a new coronavirus relief package will be delivered in the US. Sentiment was hit by weak quarterly reports from Glencore, AXA, Beiersdorf, Pirelli, ING, Munich Re and Aviva, while UniCredit, Merck KGaA and Adidas all delivered better-than-expected results. On the economic data front, German industrial orders jumped more than expected in June in the latest sign that Europe's largest economy might start recovering from the pandemic hit. Meanwhile, the Bank of England left monetary policy unchanged, saying Britain's economy will probably take longer to recover than initially thought.

The CAC 40 lost 48 points, or 1% to end at 4,885 on Thursday, snapping a three-day winning streak amid a batch of weak earnings. AXA shares dropped after the French insurer said planned EUR 1 billion sale of its AXA Life Europe unit to Cinven had collapsed, and that it would not make fourth-quarter shareholder payouts after net income fell 40% in the first half. Also, Crédit Agricole stocks fell as the “green bank” posted a drop of 21.9% in net profit in Q2. On the economic data front, the latest PMI figures showed construction activity in France shrank in July for the fourth consecutive month, amid the coronavirus crisis.

The FTSE 100 closed down more than 1% at 6,030 on Thursday as investors await a coronavirus relief package to be approved in the US and following the Bank of England's decision to leave monetary policy unchanged. Policymakers said that Britain's economy will take longer to recover from the coronavirus-induced recession than initially thought and warning about the risks of cutting interest rates below zero. A fall in oil prices also weighed while a stronger pound hit export oriented firms. On the corporate front, mining and commodity company Glencore was down 4% after the company scrapped its dividend due to the pandemic. Meanwhile, life, motor and home insurer Aviva rose after the company said it would reduce its focus on Asia and Europe businesses as it posted a 12% drop in H1 operating profit.

The Ibovespa index traded in the green on Thursday, extending previous session’s gains after Economy Minister Guedes said that Brazil’s government is set to announce the privatization of three or four large companies within the next 30-60 days. Minister Guedes added the country’s economic output is improving and that the contraction this year will be just over 4%. On the economic data front, latest figures showed Brazil’s jobless rate rose to an over 3-year high of 13.3% in Q2, while new unemployment insurance claims fell to 570,543 in July, down 12.7% from June. On Wednesday, Brazil’s central bank cut its benchmark interest rate by 25 bps to a fresh record low of 2% and warned there was little or no room for further monetary stimulus to support the economy from the coronavirus fallout. Investors now await for signs of progress of the tax reform and news on a fresh US coronavirus relief package.