Business

Equities hit five-month peak, bonds dip as earnings season starts

NEW YORK (Reuters) – World equity benchmarks hit a five-month peak and perceived safe -havens such as the dollar and U.S. government bonds dipped on Monday as investors turned to second-quarter earnings for signs that corporate profits will recover from the economic toll of the coronavirus pandemic. Wall Street banks JPMorgan, Citigroup and Wells Fargo […]

Business

European stocks gain as focus shifts to earnings, stimulus talks

(Reuters) – European shares rose on Monday, with cyclical sectors leading gains as investors hoped the upcoming earnings season and stimulus talks will feed into an economic recovery from the coronavirus-induced downturn. The pan-European STOXX index rose 0.5%, with miners .SXPP gaining 1.7% on optimism over China’s recovery and surging metal prices. [.SS] [MET/L] Other […]

Politics

Germany thanks Boris Johnson for promoting tracing app after he said it wasn’t ‘functioning’

Germany’s health minister has said he was “surprised” at Boris Johnson’s claim no country had a functioning coronavirus tracing app after he was questioned about repeated delays to the UK’s one. Jens Spahn said technology to track down other people someone with COVID-19 may have infected has been downloaded by 15 million people in Germany […]

Business

Stocks stall but China charge rumbles on

LONDON (Reuters) – A five-day charge by world stocks fizzled on Tuesday as caution about renewed coronavirus lockdowns took hold again, though it was not enough to douse China’s July hot streak. London, Paris and Frankfurt were down around 1% by early afternoon and Wall Street looked set for a drop, too, as investors shifted […]

Business

Asia stocks up as China PMI, U.S. data help cap strong quarter despite virus woes

TOKYO/NEW YORK/HONG KONG (Reuters) – Asian shares advanced on Tuesday as positive economic data from China and the United States helped to close out a strong quarter, though a renewed surge in global coronavirus cases underlined a challenging investment climate. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.51%, on course for its […]

Business

Hitting back at German court challenge, ECB defends bond buys

FRANKFURT (Reuters) – European Central Bank policymakers, fending off a German court challenge to their money-printing scheme, insist that bond buys help prop up the economy and their benefits outweigh the side effects, minutes of their June 4 meeting showed on Thursday. Germany’s Constitutional Court ruled last month that the ECB overstepped its mandate with […]

Business

Equities dip, bonds edge higher as infection rates rise

NEW YORK (Reuters) – Global equity benchmarks dipped and U.S. government bonds edged higher Monday as investors weighed rising coronavirus infections in parts of Europe and the United States with the expectations of more stimulus measures to support an economic rebound. MSCI’s broadest index of shares across the globe has gained more than 40% since […]

World News

Germany: Riot and attacks on police in Stuttgart after drug check

More than a dozen police officers wounded and 24 people detained after violent scuffles quickly turned into riots. Police in the German city of Stuttgart have said 24 people were arrested and 19 police officers injured after a check for drugs sparked attacks on officers and police vehicles followed by widespread vandalism of storefronts in […]

World News

'Concrete evidence' missing British girl McCann is dead: Germany

Prosecutor says German authorities do not have Madeleine McCann’s body, but they have ‘concrete evidence, facts’. Authorities in Germany have “concrete evidence” that missing British girl Madeleine McCann is dead, according to a prosecutor. Brunswick prosecutor Hans Christian Wolters told the AFP news agency on Wednesday it was unable to disclose exact information, but the […]

Business

Asian stocks set to rise as drug trials, data push Wall Street higher

WASHINGTON (Reuters) – Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May. The prospects of fresh support from the Federal Reserve and Bank of Japan also supported global equity markets. “It […]