Wall St up, investors pin hope on stimulus

Wall St up, investors pin hope on stimulus

Wall Street’s main indexes have inched up following a sharp sell-off last week, as investors cling to hopes of a stimulus-backed economic rebound even as coronavirus cases surge, while a jump in Boeing shares boosted the blue-chip Dow. The planemaker rose 7.3...
Wall St up, investors pin hope on stimulus

ASX set for early rise on US stimulus hope

Shares are set to gain in value at the opening of trade on the Australian market, after US investors focused on economic optimism rather than increasing coronavirus infections. The Australian SPI 200 futures contract was higher by 34.0 points, or 0.58 per cent, to...
Wall St up, investors pin hope on stimulus

Copper strengthens on China stimulus plans

Copper rose overnight as top consumer China signalled plans to maintain liquidity in the financial system for the rest of the year, raising hopes of improved demand for metals. Benchmark copper on the London Metal Exchange (LME) gained 0.4 per cent to $US5,792 a tonne...
Wall St up, investors pin hope on stimulus

Bank of England adds addes more stimulus

The Bank of England has launched another 100 billion pounds ($A181.6 billion) of economy-boosting action in the face of the coronavirus crisis, despite signs the hit may be “less severe” than first feared. Members of the Bank’s Monetary Policy...
Wall St up, investors pin hope on stimulus

Copper climbs as stimulus prompts buying

Copper prices climbed overnight as the Federal Reserve’s latest move to provide further support for the US economy helped to boost sentiment, but gains were capped by worries about prospects for demand in top consumer China. Benchmark copper on the London Metal...