Thumping data drives stocks and oil higher

Thumping data drives stocks and oil higher

World stocks and risk currencies have rallied on encouraging global economic data and assurances from US President Donald Trump that the US-China trade deal remains “fully intact” after confusion over its fate emerged. Jitters had struck Asian markets...
Thumping data drives stocks and oil higher

Copper higher after trial of virus drug

Copper prices rose overnight as risk appetite gained the upper hand in financial markets after promising trials of a COVID-19 treatment and strong US economic data. The World Health Organisation moved to update guidelines regarding a cheap, common steroid that can...
Thumping data drives stocks and oil higher

Wall St ends higher after volatile session

US stocks have ended higher as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes suffered their biggest weekly percentage declines since March. The day’s trading was marked by wild swings, with the...
Thumping data drives stocks and oil higher

Oil higher, even as US inventories rise

Oil rebounded from earlier losses overnight, even as US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand. Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to...
Thumping data drives stocks and oil higher

Asian shares creep higher – 9Finance

Asian stock markets have eked out a 10th consecutive session of gains, but momentum ebbed as doubts about the global recovery from the pandemic returned ahead of the US Federal Reserve meeting. The sideways moves in equities cap two weeks of stock market gains,...