Global Stock Markets Slide at End of Record November, Likely to Recover Amid Prospect of Covid-19 Vaccine
4 years, 1 month ago

Global Stock Markets Slide at End of Record November, Likely to Recover Amid Prospect of Covid-19 Vaccine

News 18  

World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate concerns about the spiking coronavirus pandemic. “It has been a very, very strong month for markets, especially on the equity side but also on the fixed income side too,” said Elwin de Groot, Rabobank’s head of macro strategy. With the European Central Bank set to provide more stimulus next month, “the market view seems to be, ‘What can possibly go wrong?’” MSCI’s gauge of stocks across the globe shed 0.94% following broad declines in Asia and Europe. “However, we are now in a seasonally strong time of year and investors are yet to fully discount the potential for a very strong recovery next year in growth and profits as stimulus combines with vaccines.” The surge in stocks has put competitive pressure on safe-haven bonds, but much of that has been cushioned by expectations of more asset buying by central banks.

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History of this topic

Stock market today: Global stocks are mixed after Wall Street edges to more records
6 months, 3 weeks ago

Stock market today: Global stocks are mixed after Wall Street edges to more records

Associated Press  

HONG KONG — World stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. In London, the FTSE 100 lost 0.2% to 8,177.86 after data showed that British inflation fell to the central bank’s 2% target for the first time in nearly three …

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 market update: Dow Jones falls over 400 points
1 year, 3 months ago

Global market update: Dow Jones falls over 400 points

Live Mint  

Major US stocks fell on Tuesday, with the Dow dipping into negative territory for the year, US job openings rose more than expected in August in yet another sign of a resilient economy that suggests interest rates will be higher for longer. It climbed to 16-year highs on investor worries that the Fed will hold interest rates higher for longer …

Stocks open higher on Wall Street on more good vaccine news
4 years, 1 month ago

Stocks open higher on Wall Street on more good vaccine news

Associated Press  

NEW YORK — Encouraging news on a second possible coronavirus vaccine sent stocks higher in early trading on Wall Street, following gains in overseas markets. Stock markets jumped higher on Monday on news that a second coronavirus vaccine showed promise, bolstering hopes even as new infections surged around the world. Even before the vaccine news, markets had been trading higher …

Global stocks are soaring on hopes of a coronavirus vaccine
4 years, 2 months ago

Global stocks are soaring on hopes of a coronavirus vaccine

CNN  

New York CNN Business — Global stocks and US futures surged on Monday after drugmaker Pfizer said that an early look at data from its coronavirus vaccine shows it’s more than 90% effective. The vaccine “looks like the game-changing panacea the oil market has been waiting for,” chief global markets strategist at Axi, Stephen Innes said in a research note. …

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 …

Stock markets log best month since 2009, track global cheer on virus drug hopes
4 years, 8 months ago

Stock markets log best month since 2009, track global cheer on virus drug hopes

India Today  

Share markets recorded their best month in 11 years on Thursday, tracking gains in global markets on signs of progress in developing a Covid-19 treatment, while heavyweight Reliance Industries rose ahead of its earnings. India’s main indexes clocked gains of around 14 per cent each for April - the most in a month since May 2009 - after sliding 23 …

Global markets sink despite Fed’s promise of unlimited support for the economy
4 years, 9 months ago

Global markets sink despite Fed’s promise of unlimited support for the economy

CNN  

New York/Hong Kong/London CNN Business — US stocks opened lower Monday andEuropean markets stayed stuck in reverse even after the US Federal Reserve committed itself to creating an unlimited amount of money to prevent the world’s largest economy from plunging into a deep recession. “Aggressive efforts must be taken across the public and private sectors to limit the losses to …

As Covid-19 Spreads, Listen to the Stock Market—for Now
4 years, 9 months ago

As Covid-19 Spreads, Listen to the Stock Market—for Now

Wired  

Covid-19 was officially declared a pandemic Wednesday, and stocks officially entered a bear market, falling more than 20 percent from their peak just last month. Stock prices reflect expectations of future profits, and investors see the virus dampening economic activity and reducing profits. Apple a few weeks ago announced that it would not meet its forecasts for the current quarter …

Coronavirus roils markets: this is why it matters to everyone
4 years, 10 months ago

Coronavirus roils markets: this is why it matters to everyone

Al Jazeera  

Even if you are not invested in stocks and bonds, how these markets behave shows what is at stake in the global economy. The 10-year US treasury yield – which on Friday tumbled below 0.7 percent for the first time ever – is a benchmark for setting rates on financial products such as home mortgages and student loans. The “R” …

Virus outbreak chills markets, outlook for global economy
4 years, 10 months ago

Virus outbreak chills markets, outlook for global economy

Associated Press  

FRANKFURT, Germany — The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute. “Compounded with the already dramatic interruptions to global supply chains in China, traders fear that a rapid spread of the disease to other major economies could be enough to temporarily tip global economic …

World markets tumble as fears over virus outbreak spread
4 years, 11 months ago

World markets tumble as fears over virus outbreak spread

India Today  

Shares tumbled in Europe and Asia on Thursday as the impact of the virus outbreak in China expanded to include flight cancellations and other wider precautions to help stop its spread. Taiwan's benchmark dived 5.8 per cent as its market reopened after the Lunar New Year. Shares fell in most other markets, with the CAC 40 in Paris dropping 1.1 …

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