ISM manufacturing index climbed above 50 for the first time before the coronavirus pandemic set in.
Despite the uptick in COVID-19 infections in parts of the world, equity markets rose nearly 4% on a global basis the week of June 29.
Manufacturing data released the week of June 29th was broadly positive.
Recently released data showed a sharp rebound in U.S. home sales. New home sales up 44% from April to May.
U.S. Fed Chair Jerome Powell testified before Congress on June 30th. Powell said the U.S. economy reached a recovery phase faster than expected.
Equity markets rose nearly 4 percent on a global basis the week of June 29th.