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Top ETF Stories of Coronavirus-Induced Q2

The second quarter of 2020 can be attributed to a sturdy market rally despite coronavirus-led lockdowns in various parts of the globe. Since the market hit lows on Mar 23, the S&P 500 gained roughly 40% till early June, marking the best 50-day rally in history.The unprecedented stimulus measures by global central banks and governments pulled the ailing global markets very soon from nadir.

The S&P 500 Index, the Dow Jones and the Nasdaq gained about 18.4%, 15.6% and 30.1%, respectively, in the past three months (as of Jun 26, 2020). Let’s take a look at the key ETF events of Q2.

Reopening of Economies

In the second quarter, all 50 states of the United States reopened to some extent after lockdown. Not just the United States, several global economies also started to open from May-end. Rising hopes of a vaccine and some upbeat economic indicators added to the optimism.

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Global virus infections top 10 million

Global infections from the novel coronavirus have topped 10 million as the rate of new cases surges, particularly in the United States and Latin America, according to an AFP tally on Sunday.

One million new infections were recorded in only six days, according to the count based on official sources, just as countries start to unwind punishing lockdowns that have devastated their economies and thrown millions out of work.

The worldwide death toll from the disease that first emerged in China six months ago is also nearing 500,000 as fears grow of a full-blown second wave, with the rate of contagion doubling since May 21.

The United States, the hardest hit country, has surpassed 2.5 million cases alone, as efforts to reopen the world’s economic powerhouse were set back by a jump in new infections in big states such as Florida.

President Donald Trump was under mounting pressure to set

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Top tips to save when shopping online in a lockdown

Buying second-hand goods on Amazon, eBay or Gumtree could save you money during lockdown. (Christian Wiediger/Unsplash)
Buying second-hand goods on Amazon, eBay or Gumtree could save you money during lockdown. (Christian Wiediger/Unsplash)

From abandoning your basket to timing your spree right, a few insider hacks could save you up to £300 a year shopping online.

We all love getting a good deal, especially in lockdown when cashflow is uncertain.

With that in mind, personal finance experts Ocean Finance has compiled 23 insider tips that could help you save up to £300 every year.

Top 10 money-saving tips

1. Save your shopping for Wednesday, Thursday, and Friday

Retailers tend to offer discounts on Wednesday, Thursday, and Friday, so if you wait until the middle of the week, you could potentially save a lot of money on the items you are looking for.

2. Check store tags to see what is going to be put on sale

For those who like to look in-store before making a purchase

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