Stock index futures were aiming for a higher start on Monday as investors prepare for a tough earnings season and applaud the news that the Food and Drug Administration granted “fast track” status to a couple of candidates for vaccines produced by Pfizer Inc. and the German biotech firm BoNTech …
Read More »European stocks rise on eve of earnings season as traders look past virus spike
European stocks rose on Monday as optimism about second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key US state of Florida. After rising 0.4% last week, the Stoxx Europe 600 SXXP, + 0.56% It gained 0.6%. The German DAX DAX, + 0.96%, French CAC 40 PX1, …
Read More »Shares in Europe rise on economic optimism
European stocks rose on Monday as signs of economic progress offset concerns about growing cases of coronavirus in the US and India. Up to 2% last week, the Stoxx Europe 600 SXXP, + 1.39% up 1.6%. Shares of HSBC Holdings HSBA listed in London, + 5.31% and STAN standard chartered, …
Read More »A new emerging virus in Chinese pig farms has the ‘essential hallmarks’ for a pandemic
An emerging strain of flu in China is drawing scientists’ attention just as the world is battling the worst pandemic since the 1918 Spanish flu. Chinese researchers identified a new strain of influenza that is infecting pigs in China and that has characteristics of the so-called swine flu, or H1N1, …
Read More »Debt from AT&T and other corporate giants saw higher Federal Reserve purchases
The Federal Reserve on Sunday released more details of an emergency loan program that buys corporate debt, showing which US companies have benefited from its unprecedented measures to support the flow of credit into the economy. Through its loan facilities, the Fed is buying individual corporate bonds on the market …
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