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

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

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 […]

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 […]