Gold jumps on COVID-19 stimulus measures

Vinson

Gold prices surged over 2.0 per cent to a more than three-week high on Monday on expectations of global stimulus measures to counter the economic damage caused by the outbreak of the novel coronavirus. Spot gold was up 2.3 per cent at $US1,653.35 per ounce, having hit its highest level […]

Wall St gains as investors mull stimulus

Vinson

Wall Street has risen as US President Donald Trump followed last week’s massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors hopeful that the economic impact of the coronavirus could still be contained. A record $US2.2 trillion ($A3.6 trillion) in aid and unprecedented policy easing from the Federal […]

ASX rallies again after US stimulus deal

Vinson

Australian shares have rallied for a third straight day after a massive US stimulus deal sent global markets soaring. The S&P/ASX200 benchmark index finished Thursday up 115.2 points, or 2.3 per cent at 5,113.3, while the All Ordinaries index closed up 129 points, or 2.58 per cent, at 5,135.2 points […]

Stocks slip as jobs angst trumps stimulus

Vinson

World share markets have fallen as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a $US2 trillion US stimulus package. The US Senate on Wednesday backed the massive bill aimed at helping jobless workers and industries reeling from the virus, with the […]

Wall St up, job data raises stimulus hopes

Vinson

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 […]