Record highs…the U.S. sees a daily spike of more than 50,000 Coronavirus infections but President Trump says the June non-farm payroll numbers of 4.8 million new jobs proves the economy is “roaring back”. The Chinese services sector has expanded at its fastest rate in more than a decade as lockdown measures are eased across the country and consumer demand continues to inch upwards. In Germany, Deutsche Bank is coordinating with regulators to potentially bail out insolvent payment company Wirecard, with the aim of shoring up its banking unit. The search for a Covid-19 vaccine hits a snag on both sides of the Atlantic. French drug maker Sanofi says its arthritis medicine has failed against the virus while in the U.S., Moderna shares plunge after its trials are postponed.  

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