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

Pause, reflect: Five questions for the ECB

LONDON (Reuters) – For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the COVID-19 hit, markets are stable and agreement on an European recovery fund appears close. Yet the future is uncertain and Thursday’s meeting could see lively debate on […]

Business

Take Five: A bull with underlying health conditions

1/EUROPE: FINAL COUNTDOWN Southern European bonds and the euro have rallied hard in the two months since France and Germany mooted a 750 billion-euro ($848 billion) post-COVID-19 recovery fund. On July 17-18, European leaders meet to hammer out details. But differences remain on whether the fund should be based on loans or grants; if the […]

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 shares at four-month peak, stimulus trumps virus fears

SYDNEY (Reuters) – Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.05%, having hit its highest since February. Eyes […]

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

Stocks hit two-week lows, oil slides on virus surge

LONDON (Reuters) – World shares hit two-week lows and oil fell nearly 2% on Monday as the relentless spread of the coronavirus curbed optimism on the global economy, prompting investors to take shelter in safe-haven bonds and gold. European stocks opened slightly lower, after Asian shares ended deep in the red playing catch up 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 […]

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 […]

Business

Virus second-wave fears rattle markets, stocks fall

LONDON (Reuters) – Fears that a second wave of COVID-19 infections is under way sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt. Beijing reported its second consecutive day of record numbers of virus cases and hospitalisations rose in some […]