U.S.-listed shares of iQIYI Inc fell 1.7% after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put on hold talks to buy a controlling stake in the…
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.915 following its decline earlier this week from levels above 92.4.
German Chancellor Angela Merkel told parliament that lockdown measures will be in place until at least the end of December and possibly longer.
Following that announcement, the Korean won traded at 1,104.90 per dollar, as compared to an earlier low of 1,107.30 against the greenback.
Tesla Inc, which surpassed $500 billion in market capitalization on Tuesday, extended its gain by 3.4% even after the electric-car maker recalled about 9,500 vehicles.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.96 after seeing levels above 92.4 earlier in the week.
Boeing Co gained after European regulators gave draft approval to its 737 MAX jets, paving the way for a formal flight clearance in January.
Cyclicals led gains, with energy ahead by 7.09% while industrials and financials each rose more than 1%, as data showed monthly business activity expanded at the fastest rate in more…
Oil prices were higher in the afternoon of Asia trading hours, as international benchmark Brent crude futures rose 1.27% to $45.53 per barrel. U.S. crude futures added 1.08% to $42.88…
The South African Reserve Bank (Sarb) left the repurchase rate (repo rate) unchanged at 3.5 percent as inflation is expected to remain contained in the medium term.
Stay-at-home beneficiary Zoom Video Communications Inc provided the biggest lift to the Nasdaq.
The dollar index, which measures the U.S. dollar against a basket of its peers, last traded at 92.213, declining from an earlier high of 92.346. The index retreated from levels…
The S&P 500 posted seven new 52-week highs and no new lows; the Nasdaq Composite recorded 87 new highs and 10 new lows.
The Japanese yen traded near flat at 103.86 against the greenback while the Australian dollar changed hands at $0.7292, dropping from earlier levels around $0.73.
The S&P 500 posted 30 new 52-week highs and no new lows; the Nasdaq Composite recorded 142 new highs and nine new lows.
The Japanese yen strengthened further in the afternoon, last trading at 103.85 per dollar, as compared to levels above 104.5 earlier. The Australian dollar was at $0.7308 against the dollar, firming from earlier levels.
Amazon.com Inc launched an online pharmacy in the United States, sending shares of rival drug retailers such as Walgreens Boots Alliance Inc CVS Health Corp plunging.
The Japanese yen traded at 104.52 against the greenback, a touch firmer as compared to Monday. The Australian dollar was at 0.7303 against the dollar, strengthening from the 0.72 mark yesterday.
Simon Property Group Inc shares jumped after the biggest U.S. mall operator cut its purchase price for an 80% stake of rival Taubman Centers Inc , as the pandemic pressures…
Hong Kong’s Hang Seng index rose 0.58% in the afternoon. Casino and finance stocks listed in the city were going strong. Standard Chartered was up 4.80%, while HSBC bounced 3.49%.
In what surely qualifies as some of the more encouraging news of the year, the announcement that a Pfizer vaccine showed promising trial results powered markets higher last week.
Libyan output rose and investors worried the resurgent pandemic could hurt global demand.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 92.914 following its rise this week from levels below 92.8.
Crude oil prices reversed early gains, snapping a three-day rally on growing doubts over a near-term demand recovery and an unexpected rise in U.S. stockpiles.
In Japan, Softbank Group shares jumped 1.49%. Game maker Nintendo also surged 4.3%. Over in South Korea, Kakao’s stock gained 0.56%.
Gold prices slid, hurt by a stronger dollar and increased risk appetite which drew investors away from the safe-haven metal
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 2.45% to $44.68 per barrel. U.S. crude futures added 2.59% to $42.43…
Gold regained some ground lost in Monday’s plunge expectations of fiscal and monetary stimulus offered support to the safe-haven metal.
Asian Markets Soar; Led by Airline Stocks as Investors React to Positive News on Coronavirus Vaccine
The Japanese yen traded at 105 per dollar after weakening sharply from levels below 104.3 against the greenback yesterday. The Australian dollar changed hands at $0.7288 following its rise last week from levels below…
Pfizer shares closed sharply higher after soaring as much as 15.4% during the session. But another drugmaker Biogen Inc slumped as a panel of experts to the U.S. health regulator…
Former U.S. vice president Biden won following his projected win in the states of Pennsylvania as well as Nevada, according to NBC News projections on Saturday. Still, Trump is refusing…
Stocks in Brazil, as measured by the Bovespa Index, returned about 7.4%.
US stocks hovered near unchanged on Friday to close out with a big weekly gain as Democratic challenger Joe Biden edged closer to victory in the presidential election, while the…
The Japanese yen traded at 103.46 per dollar, having strengthened from levels above 104.4 against the greenback this week.
The tech-heavy Nasdaq, packed with “stay-at-home” corporate winners under this year’s was within striking distance of its Sept. 2 record closing high.
Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.7% to $40.53 per barrel. U.S. crude futures also slipped 1.71% to…
The CBOE volatility index , a gauge for short-term volatility, hit a two-week low after spiking to a four-month high in the run-up to the election.
The Japanese yen, often seen as a safe-haven currency, traded at 104.94 per dollar after seeing an earlier high of 104.35 against the greenback.
The S&P banking subindex .SPXBK surged 2.5% to its highest in more than a week, while industrial stocks such as Caterpillar Inc CAT.N and Honeywell International Inc HON.N rose about 2% each.
Hong Kong’s Hang Seng index led gains among the region’s major markets as it jumped more than 2%, as of its final hour of trading. Shares of life insurer AIA soared more than 6%.
Volume on U.S. exchanges was 9.01 billion shares, compared with the 9.1 billion average for the full session over the last 20 trading days.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.114 after rising from levels below 93 late in October.
The ECB left its monetary policy unchanged, keeping its deposit rate at -0.5% and its emergency bond-buying program at EUR 1.35 trillion
The Dow Jones Industrial Average fell 157.51 points, or 0.59%, to 26,501.6. The S&P 500 lost 40.15 points, or 1.21%, to 3,269.96 and the Nasdaq Composite dropped 274.00 points, or…
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.793 after rising from levels below 93.5 this week.
Coach owner Tapestry Inc climbed 4% as it beat quarterly profit estimates and forecast growth for the year as demand for luxury handbags and apparel rebounded in China from pandemic…
The Australian dollar changed hands at $0.7065 after yesterday’s sharp drop from above $0.712.
Twelve U.S. states set records for hospitalized COVID-19 patients, while Germany and France announced plans to shut large swathes of public life for a month as the pandemic surged across…
Prospects for the full year remain in line with UNCTAD’s earlier projections of a 30% to 40% decrease in FDI flows, the report indicates.
Investor sentiment on Wednesday was likely impacted by the rising number of Covid-19 cases in the U.S.
Shares of drugmaker Eli Lilly and Co fell 6.9% after quarterly profits took a hit from increased costs to develop a COVID-19 treatment. A trial of its antibody therapy failed…
Oil prices were higher in the afternoon of Asian trading hours, with international benchmark Brent crude futures up 0.74% to $40.76 per barrel. U.S. crude futures also gained 0.73% to $38.84 per barrel.
The Dow Jones Industrial Average fell 650.19 points, or 2.29%, to 27,685.38. The S&P 500 lost 64.42 points, or 1.86%, to 3,400.97 and the Nasdaq Composite dropped 189.35 points, or…
MSCI’s broadest index of Asia-Pacific shares outside Japan traded above the flatline. The Hong Kong market is closed on Monday for a holiday.
Following three consecutive weekly advances, global stocks declined modestly during the week. The news flow was dominated by headlines around the negotiations for another round of fiscal relief from Washington…
U.S. House Speaker Nancy Pelosi said it still was possible to get another round of COVID-19 aid before the Nov. 3 election, but that it was up to President Donald…
In Japan, the Nikkei 225 rose 0.18% to close at 23,516.59 while the Topix index advanced 0.34% to finish its trading day at 1,625.32. South Korea’s Kospi also rose 0.24%…
Advancing issues outnumbered declining ones on the NYSE by a 1.90-to-1 ratio; on Nasdaq, a 1.68-to-1 ratio favored advancers.
Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored decliners.
The S&P 500 posted 19 new 52-week highs and no new lows;…
The airline’s assumptions, which hinge on an effective Covid-19 vaccine by next summer, expects global air traffic to climb to 70 per cent of pre-crisis levels by the end of…
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down about 1% to $42.72 per barrel. U.S. crude futures shed 0.91% to…
House of Representatives Speaker Nancy Pelosi said late on Tuesday that she hoped a coronavirus aid agreement could be accomplished by the end of this week.
The Japanese yen traded at 105.49 per dollar following an earlier low of 105.61 against the greenback while the Australian dollar changed hands at $0.7038 after slipping from levels above…
High flyers stocks Apple Inc, Microsoft Corp and Amazon.com all fell more than 2% and created the biggest drags on the S&P 500.
South Korea’s Kospi also advanced 0.22% to close at 2,346.74. Meanwhile, shares in Australia rose on the day, with the S&P/ASX 200 up 0.85% to 6,229.40.
Global markets were mixed but generally ended higher during the week as data on the coronavirus and various economic fronts streamed in during the week. On the global economic front,…
Oil services company Schlumberger NV posted its third straight quarterly loss due to falling crude prices and plunging demand. Its shares dropped 8.8%.
Stocks across Asia-Pacific were mostly down by the close on Friday, amid dampened sentiment on the coronavirus front.
Meanwhile, the U.S. dollar strengthened as uncertainty rose with investors flocking to the…
The S&P 1500 airlines index shed 1.7% after United Airlines reported a 78% drop in quarterly revenue.
The Japanese yen traded at 105.23 per dollar, having strengthened from levels above 105.3 against the greenback yesterday. The Australian dollar changed hands at $0.7098 following levels above $0.72 seen earlier this week.
UnitedHealth Group Inc dropped despite raising its profit forecast as the U.S. insurer said it was difficult to predict the fallout of the pandemic on earnings.
Oil prices edged lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.28% to $42.33 per barrel. U.S. crude futures also shed 0.32% to…
The Dow Jones Industrial Average fell 158.04 points, or 0.55%, to 28,679.48, the S&P 500 lost 22.51 points, or 0.64%, to 3,511.71 and the Nasdaq Composite dropped 12.36 points, or…
The Japanese yen traded 105.38 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7177, still above levels below $0.715 seen last week.
The S&P 500 energy index fell 0.4% as oil prices dropped on easing supply worries.
National Australia Bank’s Tapas Strickland said the moves in the yuan were likely driven by the rule change “which makes it less expensive to short the (Chinese yuan) and signals…
Global markets were mixed during the week, posting declines earlier in the week and closing later higher, mixed with optimisms on the U.S elections and the health of the U.S…
The S&P 500 energy index fell 1.6% following recent gains.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.377 after seeing an earlier low of 93.331.
Eaton Vance Corp EV.N shares surged 48.1% after Morgan Stanley MS.N agreed to buy the asset manager for about $7 billion in a cash-and-stock deal.
The Japanese yen traded at 105.98 per dollar after an earlier low of 106.10 against the greenback. The Australian dollar was at $0.7162 following an earlier low of $0.712.
With the presidential election just weeks away, focus later Wednesday may turn to a debate between Vice President Mike Pence and Democratic opponent Kamala Harris.
The moves came as investors reacted to Trump’s move to halt stimulus talks.
Volume on U.S. exchanges was 10.55 billion shares, compared with the 9.79 billion average for the full session over the last 20 trading days.
Hong Kong’s Hang Seng index advanced 0.9% on the day to 23,980.65.
Volume on U.S. exchanges was 8.45 billion shares, compared with the 9.79 billion average for the full session over the last 20 trading days.
Hong Kong’s Hang Seng index rose 1.32% on the day to 23,767.78, with shares of HSBC soaring 4.03%.
Chinese stocks rose slightly in a holiday-shortened week, lifted by several economic readings showing that the recovery was on track, but they ended September with their biggest monthly loss since…
House Democrats passed a $2.2 trillion fiscal aid package on Thursday, but the bill is unlikely to be approved in the Republican-controlled Senate.
New Covid-19 cases worldwide have rise to more than 34 million, nearly 2 million more than at the end of last week, based on Reuters tallies.
Advancing issues outnumbered declining ones on the NYSE by a 1.58-to-1 ratio; on Nasdaq, a 1.33-to-1 ratio favored advancers
Overall, the MSCI Asia ex-Japan index was 0.48% higher. Markets in China, Hong Kong, South Korea and Taiwan were closed on Thursday for holidays.
The Dow Jones Industrial Average rose 536.82 points, or 1.96%, to 27,989.48, the S&P 500 gained 54.54 points, or 1.64%, to 3,390.01 and the Nasdaq Composite added 186.02 points, or…
Volume on U.S. exchanges was 8.31 billion shares, compared with the 9.99 billion average over the last 20 trading days.
Volume on U.S. exchanges was 8.74 billion shares, compared with the 10.05 billion average over the last 20 trading days.
Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.72% to $41.62 per barrel. U.S. crude futures also shed 0.84% to $39.91 per barrel.
Stocks in Brazil, as measured by the Bovespa Index, returned about -1.4%. During the week, Brazil reported a solid current account surplus for the month of August
Investors started buying beaten-down shares after the Nasdaq confirmed a corrective phase earlier this month and the S&P 500 on an intra-day basis briefly broke that barrier this week.
The Dow Jones Industrial Average closed up 52.31 points, or 0.20%, to 26,815.44. The S&P 500 gained 9.67 points, or 0.30%, to 3,246.59, and the Nasdaq Composite added 39.28 points,…
The Japanese yen traded at 105.43 per dollar after weakening from levels around 105 yesterday. The Australian dollar was at $0.7045 after falling yesterday from above $0.712.