SYDNEY (Reuters) – Asian stocks plunged back to recent peaks on Monday as Chinese markets swung higher, while investors waited to see if recent sales in longer-dated U.S. treasuries would expand and perhaps take some pressure off the beleagured dollar. A man with a protective face mask, following the outbreak …
Read More »Asian stocks are moving forward, led by gains from China
SYDNEY (Reuters) – Asian stocks rose on Monday after recent peaks as Chinese markets swung higher, while investors waited to see if recent sales in longer-dated U.S. treasuries would expand and perhaps take some pressure off the beleagured dollar. A man with a protective face mask, following the outbreak of …
Read More »Japanese economy shrinks at record pace as pandemic hits spending
TOKYO (Reuters) – Japan was hit by its biggest economic contraction on record in the second quarter when the coronavirus pandemic burned businesses and consumer spending, keeping policymakers under pressure for bold action to prevent the recession from escalating. FILE PHOTO: People cross a street in a business district in …
Read More »China’s economic recovery is underway as consumer comeback remains inevitable
BEIJING (Reuters) – China’s retail sales fell in July, sparking high expectations for modest growth as consumers in the world’s second-largest economy failed to shake warnings about the coronavirus while recovering of the manufacturing sector struggled to pick up pace. Asian markets pulled back Friday from the disappointing set of …
Read More »GLOBAL MARKETS-Stocks dip on tight data; oil falls
* China, US data miss expectations * Travel shares plummet on UK quarantine movement * Review for US-China trade plan scheduled for Saturday * Graph: Global FX Rates in 2020 tmsnrt.rs/2RBWI5E (Updates pricing, changes comment, dateline; previous LONDON) By Rodrigo Campos NEW YORK, Aug 14 (Reuters) – Shares dip on …
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