With COVID-19 cases exploding across Europe, the euro traded at its lowest in 17 months against the dollar, which got a boost from a hawkish Fed.
The US has approached big energy consumers about coordinating a release of strategic crude stockpiles, reports said.
Americans hit the shops in October, driving retail sales to a new record despite inflation at 31-year highs, which fueled investor optimism.
Having absorbed the initial shock over US inflation running at 31-year highs, stocks traded cautiously higher, while the strong dollar weighed on oil.
US stock futures were mostly steady ahead of key consumer inflation data, while Chinese stocks were buoyed by red-hot export figures.
The Chinese property giant missed a third bond payment, as surging natural gas and coal prices added to investors' concerns over a spike in inflation.
Some of Wall Street's biggest firms are singing the praises of European stocks, which could rise sharply as the region's economy bounces back.
Oil prices sank as COVID-19 cases continued to rise and cause worry about economic recovery. US indices recovered from the shaky start to the week.
Although there are some signs markets are overstretched, stocks should continue to rally as economies reopen, JPMorgan said.
Rising bond yields are weighing on the stock market, with investors looking for a signal from Fed chair Jerome Powell.
With $1.9 trillion in stimulus now a certainty, risk assets such as stocks, emerging-market currencies, crude oil and copper rallied.
European stocks jumped and US futures rose, although US markets are closed. WTI oil rose past $US60 for the first time since January 2020 as demand bounces back. Bitcoin fell from a record high of close to $US50,000 after surging the previous week. Sign up here for our daily newsletter, […]
US stocks were set to open lower on Friday after hitting all-time highs. The dollar rose, while bitcoin hovered near record highs after more institutional interest. Market sentiment is broadly positive, with vaccines and stimulus hopes supporting stocks. Sign up here for our daily newsletter, 10 Things Before the Opening […]
The eurozone economy shrank by 0.7% in the final quarter, compared with the previous three months. It meant the euro area’s economy shrank by a record 6.8% in 2020. Analysts now think the recovery will be slower, thanks in part to vaccine rollout problems. Sign up here for our daily […]
Global shares rose, buoyed by investor hopes that a successful COVID-19 vaccine rollout would cement economic recovery this year. The dollar fell to its lowest in almost three years against other major currencies, including the Chinese yuan, which sent gold to two-month highs and propped up oil, while Bitcoin traded […]
Equities rise, lifted by relief over relaxation of rules on UK arrivals in France, which has boosted the pound. President Donald Trump has criticised the $US900 billion bipartisan stimulus bill that took months to pass, stoking concern he may hold it up. A decline in the dollar helped gold and […]
European shares edged up ahead of a European Central Bank meeting that is expected to yield more monetary policy support for the eurozone, while Brexit talks kept the pound under pressure. The FTSE 100 got a lift from a weaker currency, despite data that showed the UK economy almost ground […]
Global equity markets rallied after Chinese data showed factory activity boomed at a 10-year high in November, while progress in the rollout of a COVID-19 vaccine underpinned that optimism. US stock futures pointed to a higher start on Wall Street later, while cryptocurrencies rallied for a fourth day. “Vaccine optimism, […]
European shares eased, but would still likely post their biggest monthly increase on record in November, buoyed by optimism over the economic outlook from the rollout of a COVID-19 vaccine. Market-based signs of investor nervousness, including falling government bond yields and a rise in volatility, pointed to a degree of […]
European shares rose but caution prevailed after hitch in AstraZeneca’s COVID-19 vaccine trial. Bitcoin hits profit-taking after massive rally this week – a fall below $US16,000 risks “FOMO destruction,” one analyst said. Oil eases below this week’s high as wariness over the demand outlook resurfaces. Visit Business Insider’s homepage for […]
European shares held around nine-month highs, led by gains in German stocks, while the dollar eased, which boosted gold. Cryptocurrencies ran into a wall of selling after this week’s rally, with Bitcoin down by $US2,000 on the day and Ripple’s XRP losing as much as 30% on the day. The […]
Global equities ease from this week’s record highs, after US data shows Americans barely hit stores last month, igniting concern over the threat of COVID-19 to the economy. COVID-19 cases in Europe continue to surge, with infections in France passing 2 million and the UK recording the biggest daily increase […]
Global shares edge higher, but the momentum of this week’s rally began to fade, as COVID-19 infection rates forced new restrictions across the US. US stock futures rose around 0.8%, pointing to a stronger start to trade later in the day, while oil surrendered some of this week’s gains. Basic […]
A new study by Goldman Sachs found that companies with more women in management and board positions outperformed their more male-led counterparts. In a basket of 600 European stocks, companies with more female leadership saw their share price outperform on average by 2.5% a year compared with companies with less […]
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