Wall St falls on dour US economic data

Vinson

US stocks have fallen as dismal economic and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak. Shares of Bank of America and Citigroup Inc dropped as they joined JPMorgan Chase & Co and Wells Fargo & Co in reporting a slump in first-quarter profits. […]

Gold rises on bleak US payrolls data

Vinson

Gold prices edged higher after gloomy US nonfarm payrolls data magnified the economic toll from the coronavirus, although a stronger dollar capped bullion’s advance. Spot gold was up 0.4 per cent to $US1,619.40 per ounce on Friday. US gold futures settled 0.5 per cent higher at $US1,645.70 per ounce. “Gold […]

Metals slide after dire US jobs data

Vinson

Copper prices slipped and aluminium carved out a four-year low on worries about an extended erosion in global demand for metals due to the coronavirus pandemic after dire US employment data. Traders and fund managers have been concerned about sliding metals demand as industry shuts down in many areas, while […]

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 […]