Reuters. The chart shows the DAX chart of the German stock index on the Frankfurt Stock Exchange. By Sruthi Shankar. (Reuters) – European stocks rebounded from two-week lows on Monday as signs of progress in developing a COVID-19 treatment offset fears of a resurgence of virus cases across theRead More →
A member of staff wearing a protective face mask at the Holiday Inn Whitechapel hotel, operated by InterContinental Hotels Group Plc (IHG), cleans a perspex screen ahead of the hotel’s reopening for general bookings in London, U.K., on Friday, July 3, 2020. Chris Ratcliffe/Bloomberg News European stocks rallied onRead More →
Reuters. Trader shows U.S. dollar notes at a currency exchange stand in Peshawar By Stanley White TOKYO (Reuters) – The Dollar was locked in tight ranges against most currencies Tuesday as renewed concerns about diplomatic tensions between the U.S. and China and rising coronavirus cases dampened risk appetite. TheRead More →
Reuters By Peter Nurse Investing.com – The Dollar pushed European trade higher in early trading Friday, helped by its safe-haven status, as coronavirus cases continue to rise in the U.S. and unemployment data indicates a slow recovery in the labor market. At 3:15 a.m. (715 GMT), the U.S. dollar,Read More →
© Reuters. Traders exit the 11 Wall St. door of the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damageRead More →
© Reuters. Traders exit the 11 Wall St. door of the NYSE in New York By Medha Singh (Reuters) – U.S. stock index futures rose on Monday on hopes of stimulus-fueled economic recovery even though sentiment remained fragile amid growing evidence of a surge in the coronavirus infections. Trillions ofRead More →
European stocks slumped on Thursday, as new virus cases mount outside of China, including the first from an unknown source in the United States. The Stoxx Europe 600 SXXP, -2.29% dropped 2.1% to 396.31, which is roughly at the lows of Wednesday. Banks, including BNP Paribas BNP, -3.67%, and insurers,Read More →
The growing number of COVID-19 cases and deaths outside of Asia has put pressure on U.S. officials to more clearly articulate preparedness plans in an effort to ease American worries about the possibility of a pandemic. President Donald Trump tweeted Wednesday that he plans to hold a news conference onRead More →
© Reuters. FILE PHOTO: Sanders delivers a speech on “Medicare for All” at George Washington University By Lewis Krauskopf NEW YORK (Reuters) – As concerns over the spreading coronavirus outbreak hammered U.S. stocks, one corner of the market was confronted with another potentially game-changing prospect: a Bernie Sanders nomination. TheRead More →
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) – Some South Korean workers at Samsung Electronics (KS:) and Hyundai Motor (KS:) are staying home as a precautionary measure as corporate Korea scrambles to prevent the coronavirus outbreak from disrupting its home market. About 1,500 workers of Samsung Electronics’ phone complexRead More →
© Reuters. Airlines face growth warning as virus curtails Singapore Airshow By Jamie Freed and Tim Hepher SINGAPORE (Reuters) – Asian airlines face “drastic” cuts in their planned growth because of the coronavirus crisis, an industry group warned, adding gloom to an already depleted Singapore Airshow as more companies scaledRead More →
By Josh Horwitz and Brenda Goh SHANGHAI (Reuters) – A number of Chinese manufacturers including a subsidiary of Apple Inc (O:) partner Foxconn (TW:) have refitted production lines to make masks and medical clothing, as a deadly coronavirus spreads across China. The move highlights how private companies are pitching inRead More →
© Reuters. People walk past an electronic display showing world markets indices outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Asian stocks edged up on Thursday, a day after U.S. S&P 500 hit a record peak following encouraging economic data, while investors keep a wary eye onRead More →
BEIJING (Reuters) – The death toll from the new coronavirus in China’s Hubei province rose by 56 to 350 on Monday, Chinese state television reported citing official figures, as investors braced for volatility when Chinese markets reopen after the Lunar New Year break. There were another 2,103 cases detected inRead More →
© Reuters. China moves to limit short selling as virus looms over market reopening By Zhang Yan and Ryan Woo (Reuters) – China has taken steps to limit short-selling activities as the country’s financial markets prepare to reopen on Monday amid an outbreak of a new coronavirus, three sources withRead More →
© Reuters. People wearing protective masks are seen in an Apple Store, as China is hit by an outbreak of the new coronavirus, in Shanghai (Reuters) – Apple Inc (NASDAQ:) on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9.Read More →
(Bloomberg) — The sell-off in stocks accelerated as bonds surged on concern the spread of the coronavirus will slam global economic growth. The erased its 2020 advance as investors remained on edge over the impact of the disease that’s now infected about 10,000 people around the world. Caterpillar Inc (NYSE:).Read More →
By Josh Horwitz and Muyu Xu SHANGHAI/BEIJING (Reuters) – The coronavirus is threatening to disrupt large parts of China’s manufacturing machine and its global supply chains as the spread of infection and strict public health measures force companies and workers to remain idle. China’s most important holiday was due toRead More →
© Reuters. Passengers wear masks at Hong Kong West Kowloon High Speed Train Station Terminus, before temporary closing, following the coronavirus outbreak in Hong Kong HONG KONG (Reuters) – Trade unions in Hong Kong, including hospital and rail workers, are threatening to go on strike unless the government closes theRead More →
© Reuters. By Yasin Ebrahim Investing.com – The S&P eased from highs Wednesday, as coronavirus fears kept a lid on gains, but investor sentiment was supported by a surge in Apple (NASDAQ:) to record highs on bullish quarterly earnings. The rose 0.27%, while the gained 0.27% and the added 0.38%.Read More →
By Stanley White and Swati Pandey SYDNEY/TOKYO (Reuters) – Stock and currency markets in Thailand, South Korea and Australia are bearing the brunt of investors’ scramble to hedge the mounting risks from a new viral outbreak in China during a long holiday on the mainland. In the week since theRead More →
Gold prices on Monday headed to a more than six-year high, as fears of the economic impact of a fast-moving viral outbreak hurt appetite for stocks and powered buying in assets perceived as havens. “The anticipated Wuhan flu contagion triggered sell-off in equity markets will likely drive gold demand outRead More →
© Reuters. Investors look at computer screens showing stock information at a brokerage house in Shanghai By Tomo Uetake TOKYO (Reuters) – Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the JapaneseRead More →
Stocks were lower early Friday afternoon, after authorities confirmed a second U.S. case of the coronavirus, underlining concerns that the spread of the disease may disrupt travel and trade and slow global economic growth. Still, Investor optimism following quarterly earnings results buoyed shares of companies like Intel Corp. and AmericanRead More →
By Sruthi Shankar (Reuters) – Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while strong gains for chipmaker Intel limited losses on the main indexes. The U.S. Centers for Disease Control and Prevention saidRead More →
