Shares rose on Thursday after another surprise surge in early job claims, boosting confidence on Wall Street that congressional leaders would soon agree to a coronavirus aid package. The Dow Jones Industrial Average rose 101 points, or 0.33%, to 30,255, the S&P 500 rose 0.36% and the Nasdaq rose 0.48%. …
Read More »Stimulus hopes stocks accelerate to record; Bitcoin dresses
By Tyagaraju Edinarayan, Tom Westbrook LONDON / SINGAPORE (Reuters) – Global peaks have risen to new highs as investors acquire risky assets in anticipation of the US monetary stimulus and the Federal Reserve’s pledge to keep cash in the markets. File photo: Pedestrians wearing face masks reflected on an electric …
Read More »The British pound jumped as more progress was made on the EU deal
British Prime Minister Boris Johnson attends a virtual press conference inside 10 Downing Street in central London on November 26, 2020. Jamie Loriman | AFP | Getty Images European Commission President Ursula von der Leyen said the sterling broke the long-awaited $ 1.35 billion barrel on Wednesday morning after progress …
Read More »Stock futures flat, focus Fed after Wall Street rally
US stock futures were flat in overnight trading on Tuesday as investors clung to the prospect of new monetary stimulus before the end of the year. Market participants are also paying attention to the Federal Reserve’s comments on the future of the US economy on Wednesday. Dow futures were down …
Read More »The IIA says the impact of the vaccine on demand for moribund oil is several months away
Pump jacks are found in California’s Midway Sunset Oilfield. Lucy Nicholson | Reuters The International Energy Agency (IEA) warned on Tuesday that the devastation caused by global oil demand would not be rolled out quickly this month to fight the coronavirus epidemic. “The perceived joy surrounding the launch of vaccination …
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