Market Reports
European stocks hit by rising coronavirus cases
LONDON (Reuters) – A recovery in world stocks faltered on Monday as the threat of rising coronavirus infections in parts of Europe and the United States curbed risk appetite, boosting demand for safe-haven gold. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls …
World shares subdued amid mixed earnings; oil falters
LONDON (Reuters) – Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Oil prices ended an extended winning streak …
Shares turn cautious as U.S. crude gets crushed
LONDON/SYDNEY (Reuters) – Caution recaptured world markets on Monday as another drubbing for U.S. crude oil futures kicked off a week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, …
Wall Street gains on Boeing surge and coronavirus drug hopes
(Reuters) – U.S. stocks rose on Friday and also posted gains for the week, boosted by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19. The Nasdaq added 6.1% for the week and registered its biggest two-week percentage gain …
Stocks gain after emergency BoE cut adds to stimulus hopes
LONDON (Reuters) – European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak. File Photo: A street cleaning operative walks past the London Stock Exchange Group building in the …
Oil jumps 10%, U.S. stocks rebound after market rout
NEW YORK/LONDON (Reuters) – Oil and global equity markets charged back on Tuesday after the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish. The price of Brent crude climbed 10% on hopes a supply …
Oil prices rise 4% after biggest one-day fall since 1991
SINGAPORE (Reuters) – Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand. FILE PHOTO: Drilling rigs operate at sunset …
Wall Street gains as services data raises odds on Fed rate cuts
(Reuters) – Wall Street’s main indexes rose in volatile trading on Thursday as U.S. services sector activity slowed to a three-year low, fueling hopes of further easing in monetary policy by the Federal Reserve to stem a wider economic downturn. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, …
