Gold futures fell sharply on Tuesday, bringing bullion on course for its steepest daily slide in nearly five months, as global equities were buoyed by hopes of a coronavirus vaccine being approved by Russia, though that approval was met with some skepticism by experts. However, Dr Anthony Fauci, director of …
Read More »Dow 250 points up midday, Nasdaq under pressure as investors expand rotation in cyclical stocks
Stock market benchmarks were mostly higher on Monday as investors checked signs that a long-awaited rotation on Wall Street could be extended into more growth-sensitive equities, at the expense of their high-growth counterparts. Investors also focused on President Donald Trump’s weekend of signing executive orders aimed at extending some elements …
Read More »GLOBAL MARKETS: Asian stocks will increase with Fed policy, the dollar reaches the minimum in two years
NEW YORK, July 29 (Reuters) – Asian stocks were due to follow an optimistic Wall Street session on Thursday after the Federal Reserve kept interest rates at very low levels, while the US dollar fell to a low of two years. The Fed on Wednesday repeated a promise to use …
Read More »GLOBAL MARKETS: Gold roars to record levels, dollar dives again
* Gold hits record, silver joins 30% rise in July * Dollar in the 22-month low, the euro rises to $ 1.17 * Asia tech stock gains after Intel crash * Tensions between the United States and China keep investors on edge * Earnings, US stimulus talks in focus * …
Read More »GLOBAL MARKETS-Euro, gold on the rise when the dollar breaks down
* Asian Stock Markets: tmsnrt.rs/2zpUAr4 * Euro almost higher since late 2018 when dollar sinks * Gold nears record peak amid COVID uncertainty * Asia shares rally breaks over Sino-US tensions By Wayne Cole SYDNEY, Jul 24 (Reuters) – Financial markets greeted a series of milestones on Friday as the …
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