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July 7, 2020
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Reuters - Business

World stock markets slip on second wave virus fears, safe-havens rise

Reuters
NEW YORK/LONDON (Reuters) – Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand for safe-haven currencies such as the dollar and Japanese yen. Traders wear masks as they work......
Reuters - Business

Stocks drift as second wave virus fears mount

Reuters
LONDON/TOKYO (Reuters) – Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district,......
Reuters - Business

Oil prices fall as coronavirus case surge heightens demand fears

Reuters
MELBOURNE/SINGAPORE (Reuters) – Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand, even as lockdowns ease. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin......
Reuters - Business

Global stocks retreat as investors fret over coronavirus relapse

Reuters
TOKYO/WASHINGTON (Reuters) – Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is......
Reuters - Business

Coronavirus second wave fears boost yen; Aussie dollar falls after data

Reuters
LONDON (Reuters) – The Japanese yen strengthened slightly on Thursday as growing concerns about a rise in new coronavirus cases underpinned safe-haven demand for the currency, while the U.S. dollar was little changed versus the euro. FILE PHOTO: Japan Yen and U.S. Dollar notes are seen in this June 22,......
Reuters - Business

S&P closes lower as new COVID-19 cases surge

Reuters
NEW YORK (Reuters) – The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery. The S&P 500 and the Dow reversed earlier gains to snap a three-day winning streak.......
Reuters - Business

Wall Street advances on prospect of economic rebound

Reuters
NEW YORK (Reuters) – Wall Street gained ground on Wednesday as signs of economic recovery helped investors look past spiking pandemic data and the potential of a new round of economic lockdowns. FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New......
Reuters - Business

Wall Street opens higher on hopes of swift economic recovery

Reuters
FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. REUTERS/Brendan McDermid (Reuters) – Wall Street’s main indexes opened higher on Wednesday, rising for a fourth straight session, as signs of more stimulus bolstered......
Reuters - Business

Stocks grind higher on recovery hopes

Reuters
LONDON/SYDNEY (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases. FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London,......
Reuters - Business

Dollar treads water on Fed views, geopolitics

Reuters
LONDON (Reuters) – The dollar was little changed on Wednesday after U.S. retail sales rose more than expected in May, although caution kept investors from aggressively buying riskier currencies like the Australian dollar. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis......
Reuters - Business

Asia stocks turn cautious on virus surge, geopolitics

Reuters
SYDNEY (Reuters) – Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records. FILE PHOTO: A visitor takes a photograph of a board......
Reuters - Business

Dollar firm after U.S. retail sales jump, risk currencies softer

Reuters
TOKYO (Reuters) – The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado......
Reuters - Business

Oil slumps as U.S. crude stocks build amid virus resurgence fears

Reuters
SEOUL (Reuters) – Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic threatened to halt any recovery of demand. FILE PHOTO: The sun is seen behind a crude oil......
Reuters - Business

Dollar firm after retail sales jump fans recovery hopes

Reuters
TOKYO (Reuters) – The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, while risk-sensitive currencies were hobbled by concerns about the coronavirus and diplomatic tensions in Asia. FILE PHOTO: U.S. Dollar banknotes are seen in this photo......
Reuters - Business

Asian stocks set to rise as drug trials, data push Wall Street higher

Reuters
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. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19)......
Reuters - Business

Oil prices rise 3% on signs of U.S. economic recovery

Reuters
NEW YORK (Reuters) – Oil prices rose 3% in volatile trade on Tuesday as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. FILE PHOTO: The sun is seen behind......
Reuters - Business

Wall Street closes higher on signs of economic recovery

Reuters
NEW YORK (Reuters) – Wall Street advanced on Tuesday as the prospect of additional stimulus and a record jump in retail sales suggested the U.S. economy could bounce back sooner than expected, five months into its pandemic-inflicted recession. A trader adjusts his mask as he works on the floor of......
Reuters - Business

Futures jump on stimulus hopes ahead of retail sales report

Reuters
(Reuters) – U.S. stock index futures jumped on Tuesday on hopes that aggressive fiscal and monetary stimulus would kick start an economy crushed by the COVID-19 pandemic, with expectations of a record rebound in May retail sales also driving sentiment. A trader adjusts his mask as he works on the......
Reuters - Business

Oil prices rise on supply cuts, improving demand

Reuters
LONDON (Reuters) – Oil prices rose on Tuesday, with Brent crude rising above $40 a barrel, as the IEA increased its oil demand forecast for 2020 and as record supply cuts supported. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving......
Reuters - Business

Stimulus splurge restarts stocks rally

Reuters
LONDON (Reuters) – The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets. FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group......

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