Wall Street has risen more than 2.0 per cent on signs some economies would ease strict coronavirus-induced lockdowns, with investors also looking at quarterly earnings from JPMorgan and Johnson & Johnson for clues on the business hit from the outbreak. Early gains were broad based with a 4.3 per cent […]
hopes
Global stocks up on hopes pandemic at peak
Global shares have risen on hopes the COVID-19 pandemic is nearing a peak and that governments will roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. European stock markets gained for a fourth straight day, with investor attention also […]
Oil price up on hopes of production cuts
Oil futures strengthened late in the session, buoyed by hopes that OPEC and its allies will strike a production cut agreement on Thursday. Crude has collapsed in 2020 because of a slide in demand due to the coronavirus pandemic and excess supply. Brent dropped to $US21.65, its lowest since 2002, […]
Copper rises on hopes of slowing pandemic
Copper prices surged to their highest in nearly three weeks on some signs that the coronavirus pandemic may be slowing and on hopes that heavy bouts of stimulus will repair economic damage. Some analysts were wary, however, of the rally that swept industrial metals higher for a second day along […]
Gold drops on hopes of a virus slowdown
Gold prices have fallen over 1.0 per cent, retreating from a near one-month high hit earlier in the session, as signs of slowdown in coronavirus cases in major epicenters boosted equity markets, drawing away some of the bullion’s safe-haven appeal. Spot gold fell 1.0 per cent to $US1,644.51 an ounce […]
Virus hopes propel stocks, euro higher
World stock markets are enjoying a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe and the United States and more liberal helpings of stimulus kept investors charging back in. There was an added boost from commodity markets as oil climbed nearly […]
Stocks jump on virus hopes
World stock markets have jumped, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again. Equity investors were encouraged as the death toll from the virus slowed across major European nations including France […]
Wall St up, job data raises stimulus hopes
Wall Street has gained more ground as the record weekly jobless claims came in below investors’ worst fears while adding to the case for more stimulus to combat the economic impact of the coronavirus pandemic. Initial claims for unemployment benefits rose to 3.28 million last week as lockdowns across the […]