US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads
4 years, 10 months ago

US stocks halted after falling 7%. Global stocks plunge as oil crashes and coronavirus fear spreads

CNN  

Hong Kong/New York/London CNN Business — Global markets are plunging after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in crude prices in nearly 30 years, fueling panic triggered by the escalation of the coronavirus epidemic. The kingdom is trying to retake global market share after Russia refused Friday to go along with OPEC’s efforts to rescue the oil market from a plunge in demand caused by the coronavirus outbreak. He described the panic as “complete pandemonium.” The one-two punch of Saudi Arabia’s oil price war and the deepening coronavirus fears in Europe added “another level of unwanted panic to a market already thick with fear,” Innes said, noting that investors have begun piling into safe haven assets. “The return to economic normality in China has been very slow since the coronavirus outbreak,” wrote Louis Kuijs, head of Asia Economics at Oxford Economics, in a research note, pointing to the poor trade data and last week’s surveys of activity in the country’s manufacturing and services sector. Oxford Economics now expects China’s economic growth to contract 2% in the first quarter compared to the prior quarter, though Kuijs wrote that there should be a “robust recovery” through the rest of the year.

Global Europe China Market Coronavirus Oil Fell Stocks Plunge Kuijs  stocks  plunge  oil  spreads  halted  coronavirus  wrote  trade  global  fear  fell  falling  market  worst  panic  crashes

History of this topic

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe
1 month ago

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe

Live Mint  

US stock market indices ended lower on Monday weighed down by tech stocks amid fall in AI leader Nvidia stock price and ahead of the release of crucial inflation data later this week. Advanced Micro Devices shares plunged 5.7% after BofA Global Research downgraded its rating on the stock, Comcast share price tanked 9.5%, while Hershey stock price surged 10.9% …

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%
1 month, 2 weeks ago

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%

Live Mint  

US stocks dropped on Wednesday amid escalating geopolitical tensions between Russia and Ukraine, and as investors awaited chip giant Nvidia's quarterly results. At 09:53 am the Dow Jones Industrial Average rose 1.09 points to 43,270.03, the S&P 500 lost 20.79 points, or 0.35 per cent, to 5,896.19 and the Nasdaq Composite lost 94.90 points, or 0.50 per cent, to 18,892.57. …

Global stock markets tumble with some of the biggest sell-offs since 1987's Black Monday as fears of US recession spook the financial world
5 months ago

Global stock markets tumble with some of the biggest sell-offs since 1987's Black Monday as fears of US recession spook the financial world

Daily Mail  

Global stock markets tumbled on Monday with some of the biggest sell-offs since Black Monday in 1987. The Topix fell 12.2 per cent and the broader Nikkei 225 index plunged an even bigger 12.4 per cent. Futures on the Vix index, a scale which measures expected turbulence in the US stock market, jumped above 65 points today The benchmark Nikkei …

Stock markets crash nearly 3% amid global equity rout, investors lose ₹15 lakh crore in single day
5 months ago

Stock markets crash nearly 3% amid global equity rout, investors lose ₹15 lakh crore in single day

The Hindu  

Stock markets crashed nearly 3% on August 5 due to across-the-board selling in banking, IT, metal and oil & gas shares following a global equity rout, wiping out more than ₹15 lakh crore of investor money in a single day. Investors lost more than ₹15 lakh crore in the market crash as the total valuation of BSE-listed companies dropped to …

Tokyo stock crash nightmare: Nikkei 225 index sees largest drop IN HISTORY due to fears of a US recession
5 months ago

Tokyo stock crash nightmare: Nikkei 225 index sees largest drop IN HISTORY due to fears of a US recession

Daily Mail  

Nikkei has lost $792.32 billion of market value since July 11 - a 27% drop Tokyo's stock market nosedived more than 12 per cent this morning in the latest bout of sell-offs to shake world markets as investors fret over the state of the US economy. The benchmark Nikkei 225 index suffered its largest points drop in history, plunging 12.40%, …

Asia stocks plunge as fears of recession grow
5 months ago

Asia stocks plunge as fears of recession grow

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Stocks fell over seven per cent in morning trade …

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
5 months ago

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy

The Hindu  

Japan’s benchmark stock index plunged 12.4% on August 5, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for recession. But after Friday’s jobs report, worries are rising the Fed may have kept its main interest rate at a two-decade high for too long, raising risks of a recession in the …

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats
5 months, 2 weeks ago

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids
5 months, 2 weeks ago

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids

Associated Press  

TOKYO — Asian shares dropped in Thursday morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point and closing down more than 3%, as pessimism set in over a nose-dive on Wall Street. U.S. stock indexes suffered their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around …

World markets today: US stocks decline after strong retail sales data, megacaps down
11 months, 3 weeks ago

World markets today: US stocks decline after strong retail sales data, megacaps down

Live Mint  

US stocks declined on Wednesday led by megacaps, as strong December retail sales data dampened hopes of early interest rate cuts by the Federal Reserve this year. ET, the Dow Jones Industrial Average was down 110.22 points, or 0.30 per cent, at 37,250.90, the S&P 500 was down 36.50 points, or 0.77 per cent, at 4,729.48, and the Nasdaq Composite …

Global market update: US stocks end flat as earnings offset inflation data
11 months, 3 weeks ago

Global market update: US stocks end flat as earnings offset inflation data

Live Mint  

Global market update: Following mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve, US stock market ended flat after trading range-bound throughout the Friday session. Dow Jones index finished 0.31 per cent lower, tech-heavy Nasdaq ended 0.02 per cent higher while S&P 500 added 0.08 per cent. JPMorgan Chase edged 0.73 per …

Global stock markets slump as US data shows economic activity cooling
1 year ago

Global stock markets slump as US data shows economic activity cooling

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top global stock markets slumped …

Global markets today: US stocks rise, yields up, oil falls
1 year, 2 months ago

Global markets today: US stocks rise, yields up, oil falls

Live Mint  

World markets today: In the global markets, the US stocks and the European shares gained as investors remained risk-averse on prospects of escalation in the Middle East conflict. Wall Street US stocks and treasury yields surged on Monday as investors look forward to third quarter earnings. The pan-European STOXX 600 closed 0.2% higher with miners and retail stocks leading sectoral …

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high
1 year, 3 months ago

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high

Live Mint  

Global Market Update: The Dow and S&P 500 were lower on Monday with utilities falling sharply, Nasdaq barely changed as investors weighed the likelihood that the Fed will hold interest rates higher for longer. Majority of US stocks fell alongside oil-and-gas stocks, with 85% of S&P 500 stocks dropping, but gains for Apple and some other influential Big Tech stocks …

US debt downgrade hits global markets
1 year, 5 months ago

US debt downgrade hits global markets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy European markets suffered a big …

US, global markets fall on banking turmoil: Report
1 year, 9 months ago

US, global markets fall on banking turmoil: Report

Hindustan Times  

Shares on Wall Street tumbled in premarket trading Friday as worries flared over turmoil in the banking sector and potentially worsening risks of recession. A sign for a Wall Street building is shown, Futures for the Dow Jones Industrial Average slid 1% before the bell and the benchmark S&P 500 fell 0.8%. Regional banks' shares in Asia were modestly lower …

U.S. stock indexes fall as coronavirus lockdown protests spread in China
2 years, 1 month ago

U.S. stock indexes fall as coronavirus lockdown protests spread in China

LA Times  

Stocks closed lower on Monday as the market reacted to weekend protests in China over its strict COVID-19 lockdowns. A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for President Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The world’s second-largest economy has been stifled …

China’s stock markets jump on hopes for end to ‘zero COVID’
2 years, 2 months ago

China’s stock markets jump on hopes for end to ‘zero COVID’

Al Jazeera  

Shares rise more than 7 percent in Hong Kong and 2.5 percent in Shanghai after report decrying ‘overly strict measures’. Shares rose more than 7 percent in Hong Kong and 2.5 percent in Shanghai on Friday after the Global Times said health authorities stressed the need for anti-pandemic efforts to proceed “prudently and delicately” and with “the shortest time and …

Global markets rattled by Wall Street and China’s zero-Covid pledge
2 years, 8 months ago

Global markets rattled by Wall Street and China’s zero-Covid pledge

CNN  

Hong Kong/London CNN Business — Global markets slid Friday after Wall Street suffered its worst day of the year. They followed stocks in Asia, which sold off as China’s pledge to stick to its zero-Covid policy stoked concerns about the world’s second biggest economy. Hong Kong’s Hang Seng Index tumbled 3.8%, leading losses in Asian markets and logging its worst …

Shares plunge as fears grow over impact of China’s draconian Covid lockdown
2 years, 8 months ago

Shares plunge as fears grow over impact of China’s draconian Covid lockdown

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Global stocks and oil prices hit by fears of a Beijing lockdown
2 years, 8 months ago

Global stocks and oil prices hit by fears of a Beijing lockdown

CNN  

Hong Kong CNN Business — Global stocks and oil prices fell on Monday as rising Covid-19 cases in Beijing sparked fears that the Chinese capital could join Shanghai and other major cities in lockdown. “Although some parts of China have been under restrictions longer than Shanghai, Omicron’s arrival in Beijing would be an ominous development,” wrote Jeffrey Halley, senior market …

India becomes fifth most valued stock market, beats UK, Canada and Saudi Arabia
2 years, 9 months ago

India becomes fifth most valued stock market, beats UK, Canada and Saudi Arabia

Firstpost  

Currently, the US is the world’s biggest market valued at $47.32 trillion followed by China, Japan and Hong Kong. India became the fifth most valued stock market beating the United Kingdom, Canada and Saudi Arabia. Barring Saudi Arabia, all top global stock markets lost amid Russia Ukraine tensions. “For the Indian stock markets, the real war is the continuous FII …

Stocks slide, oil jumps as Russia orders troops to Ukraine region
2 years, 10 months ago

Stocks slide, oil jumps as Russia orders troops to Ukraine region

Al Jazeera  

Global stocks tumbled, while safe havens rallied and oil surged on Tuesday, as Europe’s eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine. S&P 500 futures fell 1.5 percent, Nasdaq futures lost 2.2 percent, and the Russian rouble briefly touched an 18-month low in early Asia trade on …

U.S. stocks sink on new COVID variant; Dow loses 905 points
3 years, 1 month ago

U.S. stocks sink on new COVID variant; Dow loses 905 points

The Hindu  

Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. The World Health Organization called the variant “highly transmissible.” The price of oil fell about 13%, the biggest decline since early in the pandemic, amid worries of another …

Stocks sink on new COVID variant; Dow loses 905 points
3 years, 1 month ago

Stocks sink on new COVID variant; Dow loses 905 points

Associated Press  

NEW YORK — Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. The World Health Organization called the variant “highly transmissible.” The price of oil fell about 13%, the biggest decline since early in the pandemic, amid …

Stocks Nosedive Amid Concerns About New COVID-19 Variant
3 years, 1 month ago

Stocks Nosedive Amid Concerns About New COVID-19 Variant

Huff Post  

LOADING ERROR LOADING NEW YORK — Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. The World Health Organization called the variant “highly transmissible.” The price of oil fell about 13%, the biggest decline since early in …

Global markets: Stocks and oil plunge on new Covid variant fears
3 years, 1 month ago

Global markets: Stocks and oil plunge on new Covid variant fears

CNN  

Hong Kong/London CNN Business — Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets. South Africa’s health minister said Thursday that a new coronavirus variant appears to be spreading rapidly in parts of the country. UK Health Minister Sajid Javid said the variant “may be more transmissible” …

Asian markets lower on virus worries after Wall Street slips
3 years, 5 months ago

Asian markets lower on virus worries after Wall Street slips

Associated Press  

BEIJING — Asian stock markets followed Wall Street lower on Tuesday as jitters about the fast spread of the coronavirus’s delta variant dented enthusiasm about strong corporate profits. Investors looked ahead to U.S. jobs data due out this week for signs of the health of the world’s biggest economy. Wall Street’s benchmark S&P 500 index closed lower, weighed down by …

FTSE 100 hit by Covid fears as £44bn wiped off in global selloff, Asian stocks trade lower while Sensex loses 400 points
3 years, 5 months ago

FTSE 100 hit by Covid fears as £44bn wiped off in global selloff, Asian stocks trade lower while Sensex loses 400 points

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The blue-chip index fell over a massive 164 points, …

World shares turn lower on pandemic concerns, ahead of Fed
3 years, 11 months ago

World shares turn lower on pandemic concerns, ahead of Fed

Hindustan Times  

Stock markets are down Wednesday as investors focus on the Federal Reserve's policy meeting and the outlook for the economy as the coronavirus pandemic rages on. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed worries that troubles with Covid-19 vaccine rollouts and the spread of new variants of coronavirus might delay a recovery …

Tech leads stocks lower in early trading on Wall Street
3 years, 11 months ago

Tech leads stocks lower in early trading on Wall Street

Associated Press  

NEW YORK — Tech companies are leading stocks lower in the early going on Wall Street, including a steep drop in IBM after the company reported disappointing revenue in the latest quarter. European stocks fell following a weak reading on that region’s economy, and Asian markets fell after a resurgence of coronavirus infections in China. BEIJING — Global stock markets …

Asian stocks sink after China coronavirus resurgence
3 years, 11 months ago

Asian stocks sink after China coronavirus resurgence

Associated Press  

BEIJING — Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. The government is testing millions of people in Beijing and some other cities and called on the public to avoid traveling during February’s Lunar New Year holiday. “The resurgence of cases in China, namely in the largest …

World shares subdued despite strong growth data from China
3 years, 11 months ago

World shares subdued despite strong growth data from China

Associated Press  

Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Investors appear to have grown increasingly wary over the deepening economic devastation from the pandemic despite hopes that COVID-19 vaccines and fresh aid for the U.S. economy might hasten a global …

Dow, US stocks and oil prices sink as new coronavirus variant sends Europe into lockdown
4 years ago

Dow, US stocks and oil prices sink as new coronavirus variant sends Europe into lockdown

CNN  

New York CNN Business — It was a bumpy ride for US stocks on Monday as worries over a new variant of the coronavirus overshadowed the news of a second pandemic relief bill that was agreed to in Washington late Sunday. Trading volumes are lower with the holiday approaching, which means that market moves tend to be exaggerated, making Monday’s …

Asian stocks fall amid unease about vaccine development
4 years, 1 month ago

Asian stocks fall amid unease about vaccine development

Associated Press  

BEIJING — Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. Investors are looking forward to a possible vaccine to control the coronavirus following the deepest economic slump since the 1930s, though forecasters warn the stock market rebound might be too early to be sustained. Markets are uneasy about U.S. …

World Shares Slip On Doubts Over Covid-19 Vaccines, Impending Outbreaks
4 years, 1 month ago

World Shares Slip On Doubts Over Covid-19 Vaccines, Impending Outbreaks

News 18  

World stocks fell back on Thursday after an overnight comeback by big technology shares that have thrived during the pandemic. Vaccine trades reversed to give way to stay home’ trades,” as shares of technology companies and others that do well when people stay home and work remotely rallied, Mizuho Bank said in a commentary. But it added, Fact of the …

Tokyo trading stops over system failure, China on holiday
4 years, 3 months ago

Tokyo trading stops over system failure, China on holiday

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Trading on the Tokyo Stock Exchange was suspended Thursday because …

Global shares dip as investors await Fed chair's much-anticipated address
4 years, 4 months ago

Global shares dip as investors await Fed chair's much-anticipated address

India Today  

Global shares were mostly lower Wednesday as investors looked ahead to a much anticipated speech by the chairman of the US Federal Reserve. France's CAC 40 inched down less than 0.1 per cent in early trading to 5,006.48, while Germany's DAX added 0.2 per cent to 13,084.49. Japan's benchmark Nikkei 225 finished at 23,290.86, down less than 0.1 per cent. …

Asian shares mixed on US-China tensions, Wall Street gains
4 years, 5 months ago

Asian shares mixed on US-China tensions, Wall Street gains

Associated Press  

TOKYO — Asian shares were mixed on Monday as investors eyeballed surging coronavirus cases in the region. U.S. Secretary of State Mike Pompeo’s weekend comments that President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by software connected to the Chinese Communist Party added to market jitters. The …

Oil falls 2% on U.S.-China tensions, rising virus cases
4 years, 5 months ago

Oil falls 2% on U.S.-China tensions, rising virus cases

Live Mint  

Oil prices dropped nearly 2% on Monday despite a weaker U.S. dollar, as rising coronavirus cases and tensions between the United States and China clouded the outlook for oil demand's recovery. "In lack of larger fundamental news, oil prices are following the overall macro trends, behaving as a 'risky asset' and being traded lower when safe-haven assets strengthen," said Bjornar …

Stock market plunge: Dow plunges 1,000 points on fears of coronavirus second wave
4 years, 6 months ago

Stock market plunge: Dow plunges 1,000 points on fears of coronavirus second wave

CNN  

New York CNN Business — The runaway train on Wall Street has been derailed by a force nearly as powerful as easy money: a healthy dose of reality. “The rally in the stock market from the March 23 lows was simply overdone,” said David Kelly, chief global market strategist at JPMorgan Funds. “Mass unemployment is going to be the primary …

Fear of coronavirus second wave stalks stock markets
4 years, 7 months ago

Fear of coronavirus second wave stalks stock markets

India Today  

Asian shares recovered early losses and crept into positive territory on Wednesday, but stock futures pointed to a lower European open as worries about a slow economic recovery from the coronavirus weighed on global sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan erased an early decline and rose 0.3 per cent. US stock futures, the S&P 500 e-minis, rose …

Global markets drop, spooked by China-US row over Covid-19
4 years, 8 months ago

Global markets drop, spooked by China-US row over Covid-19

Hindustan Times  

Shares took a turn for the worse on Monday as tensions between the Trump administration and China over the origins and handling of the coronavirus pandemic rattled investors. The antagonisms threaten to undo the truce in a trade war between Washington and Beijing that was struck just before China began shutting much of its economy down in late January to …

Global stocks and US futures fall as US-China tensions return
4 years, 8 months ago

Global stocks and US futures fall as US-China tensions return

CNN  

New York/Hong Kong/London CNN Business — Global markets and US stock futures dropped Monday after the White House renewed efforts to blame China for the coronavirus pandemic and President Donald Trump warned the disease could kill up to 90,000 Americans. He also said there is “enormous evidence” backing Trump’s claim that the virus originated in a laboratory in Wuhan, China …

US Markets fall: Dow drops more than 600 points
4 years, 8 months ago

US Markets fall: Dow drops more than 600 points

Al Jazeera  

Wall Street sold off sharply on Friday after President Donald Trump revived a threat of new tariffs against China in response to the COVID-19 pandemic, which has brought global economies to a grinding halt. But epically awful economic data, Trump’s renewed threats to punish China with tariffs, and warnings from corporate America of coronavirus-related profit hits ahead dragged on investor …

US economy suffers worst slump since GFC due to coronavirus, but share markets rally on Fed
4 years, 8 months ago

US economy suffers worst slump since GFC due to coronavirus, but share markets rally on Fed

ABC  

Australian stocks have closed higher, after the US central bank pledged to act "aggressively", as the US economy suffered its worst quarterly slump since the global financial crisis. Key points: The ASX 200 rose 2.4 per cent, led by a surge in the energy sector The ASX 200 rose 2.4 per cent, led by a surge in the energy sector …

Asian equities remain under pressure amid coronavirus-led risk
4 years, 8 months ago

Asian equities remain under pressure amid coronavirus-led risk

Deccan Chronicle  

Hong Kong: Asian markets fell on Thursday following overnight woes on Wall Street as more negative US economic data fuelled worries about the full impact of the coronavirus pandemic. There had already been a spate of grim economic forecasts this week, with the IMF warning of the worst global downturn in a century, and poor US economic figures released Wednesday …

World stock markets slide after virus-driven plunge in US retail sales, factory output; dire economic outlook weighs on Asia
4 years, 8 months ago

World stock markets slide after virus-driven plunge in US retail sales, factory output; dire economic outlook weighs on Asia

Firstpost  

World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains Singapore/New York: World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in US retail sales and factory production and increasing gloomy economic outlooks for Asia. US retail sales fell the most on record …

World stocks rise as China trade data better than expected; some countries try to restart economy on easing pandemic fears
4 years, 8 months ago

World stocks rise as China trade data better than expected; some countries try to restart economy on easing pandemic fears

Firstpost  

Market sentiment was boosted by data showing China’s exports fell only 6.6 percent in March from a year ago, less than the expected 14 percent plunge. London: World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak. MSCI’s …

Global stocks retreat as China cuts rates. Oil falls below $20
4 years, 8 months ago

Global stocks retreat as China cuts rates. Oil falls below $20

CNN  

New York/Hong Kong/London CNN Business — Global stocks retreated Wednesday, with European and Asian markets falling after a Chinese rate cut. China’s central bank cuta key interest rate to a record low — an expected measure that indicates how the country is trying to help banks and borrowers weather the ongoing economic turmoil wrought by the coronavirus pandemic. “With external …

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