Business

Stocks rise as recovery hopes gather strength

LONDON (Reuters) – Shares gained on Wednesday as investors bet that improving economic data and more policy stimulus from Washington would sustain momentum for equities. European stocks followed Asia’s lead, advancing in early trading and on course to end four straight days of losses. London, Frankfurt and Paris indexes were all up around 1.4%. MSCI’s […]

Business

Shares start month on a high after bullish PMIs

LONDON (Reuters) – Stocks started September on a positive note on Tuesday, with global indexes close to all-time highs as data in China and Europe showed manufacturing demand rebounding from coronavirus-induced lows. Factory activity in China expanded at the fastest rate in nearly a decade in August, a private PMI survey showed on Tuesday, boosting […]

Business

Global stocks struggle after Fed shift, Japanese markets shaken as Abe resigns

LONDON (Reuters) – Stock markets struggled for direction on Friday as investors worried about a lack of detail in the U.S. Federal Reserve’s policy shift while Japanese markets were roiled as Prime Minister Shinzo Abe resigned for health reasons. The Fed’s widely-awaited shift in its policy framework, unveiled on Thursday, saw the central bank place […]

Business

Shares edge up as positive China industrial data outweighs trade jitters

LONDON (Reuters) – Share markets rose on Monday as stronger industrial activity in China offered signs it was recovering from the coronavirus pandemic that outweighed jitters over U.S.-Sino trade tensions. The Euro STOXX 600 rose 0.4% and London’s FTSE .FTSE 0.5%. European oil and gas shares .SXEP were up 1.1% as rising oil prices added […]

Business

Stocks slip as markets await U.S. stimulus

LONDON (Reuters) – Stocks slipped on Thursday as investors waited for signs of agreement on a U.S. stimulus package, while the U.S. dollar slumped to a two-year low on fears that the recovery in the world’s biggest economy was lagging others. European stocks edged down in volatile trading, with Frankfurt gaining 0.2% as investors digested […]

Business

Gold strides further above $2,000/oz, dollar weakens

NEW YORK (Reuters) – Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on Wall Street rallied on encouraging corporate earnings. Oil prices rose to their highest since early March on a […]

Business

Global stocks and euro gain ahead of U.S. jobs data

LONDON/SYDNEY (Reuters) – World stocks held near three-month highs and the euro also remained close to a three-month peak, thanks to a larger than expected European stimulus boost and on hopes of a global economic rebound. Investors are pricing in an economic recovery despite data showing the severe damage wrought by coronavirus lockdowns. Later in […]

Business

ECB's super stimulus salvo sends stocks, euro higher

LONDON (Reuters) – World markets got another shot of energy on Thursday as the European Central Bank (ECB) ramped up its Pandemic Emergency Purchase Programme (PEPP) to 1.35 trillion euros. European equities [.EU], oil [O/R] and euro markets [/FRX] had been lower before the ECB said it would raise the programme from 750 billion euros […]

Business

Global shares cruise to three-month highs, dollar shows the strain

LONDON (Reuters) – World stocks climbed towards three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades. U.S. President Donald Trump’s vow to use force to end violent protests in American cities and reports China had ordered U.S. soybean […]