TOKYO (Reuters) – Asian stocks jumped to a four-month high on Friday due to strong US payroll data and a rapid pickup in activity in the Chinese services sector, but a rise in cases of Coronavirus in the United States kept control of gains stronger. FILE PHOTO: The Shanghai Stock …
Read More »GLOBAL MARKETS: Asian stocks hit 4-month high as recoveries from US and China accelerate
* Shanghai stocks hit 14-month high in service sector recovery * US payrolls jump 4.8 million, but obstacles remain ahead * Increased US COVID-19 cases threaten US recovery * Asian Stock Markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano and Imani Moise TOKYO / NEW YORK, July 3 (Reuters) – Asian stocks climbed …
Read More »Asian stocks peak four months as US and Chinese recoveries accelerate
TOKYO / NEW YORK (Reuters) – Asian stocks rose to a four-month high on Friday due to strong data from the US payrolls taking. FILE PHOTO: The Shanghai Stock Exchange Building in the Pudong Financial District in Shanghai, China, February 28, 2020. REUTERS / Aly Song MSCI’s broader Asia-Pacific index …
Read More »The Fed’s balance sheet shrinks further, and there are still no Main Street loans
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, USA, on March 19, 2019. REUTERS / Leah Millis (Reuters) – The massive reserve of bonds and other assets of the US Federal Reserve fell for the third consecutive week to its smallest size since mid-May, …
Read More »GLOBAL MARKETS: Asian stocks poised to track US gains, but Hong Kong concerns weigh
NEW YORK, July 1 (Reuters) – Asian stocks were due to follow Wall Street gains on Thursday as investors cheered on signs that the world economy was emerging from hibernation due to coronavirus, although trade is likely already low that new concerns about Hong Kong keep investors cautious. Also adding …
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