European shares traded higher on Thursday when world markets received a boost from news about the development of a possible coronavirus vaccine. The pan-European Stoxx 600 rose 1.3% mid-morning, with banks up 4% to lead gains as all sectors and major markets entered positive territory. European stocks are tracking global …
Read More »China and Hong Kong jump more than 2% amid hopes for coronavirus vaccine
Shares in the Asia Pacific rose during Thursday’s trading session, following positive news overnight about the development of a possible coronavirus vaccine. The Hong Kong Hang Seng Index led gains among the region’s major markets, rising 2.25%, from its last hour of trading. Shares of Chinese internet giant Tencent soared …
Read More »Fauci, other top health officials to testify before lawmakers
More and more state officials are pausing or rolling back efforts to reopen the economy as the coronavirus spreads to new communities and picks up speed in many parts of the U.S. government, Arizona. Doug Ducey became the last official to back down from his state Monday night. after weeks …
Read More »Treasury pulls out when Fed Fed warns of prolonged uncertainty
US government debt prices rose Tuesday morning after Federal Reserve Chairman Jerome Powell emphasized the lingering uncertainty facing the US economy, as cases of Coronaviruses soar in numerous states. Around 2:05 am ET, the yield on the benchmark 10-year Treasury bond was 0.6283% lower and the yield on the 30-year …
Read More »Japan falls more than 2% as global death toll from coronavirus crosses 500,000
Stocks in Asia Pacific fell on Monday as the number of coronavirus cases worldwide continues to rise. In Japan, the Nikkei 225 fell 2.3% on the day to 21,995.04, as shares of the heavyweight index Fast Retailing and conglomerate Softbank Group fell more than 2% each. The Topix index also …
Read More »