Category: News

Economic confidence in the euro area continued to improve in August, with companies from manufacturing to services benefiting from higher demand following the end of pandemic lockdowns. A European Commission sentiment index rose for a fourth month, exceeding all but three estimates in a Bloomberg survey, and registered sustained gains in industry, retail trade and...

The dollar extended losses at the start of a new month to trade at its lowest since May 2018. Asian stocks drifted after a retreat in most U.S. equities with the exception of technology shares. The euro led the charge against the beleaguered greenback and approached the closely watched $1.20 level. China’s yuan touched the...

U.S. futures and Asian stocks began the week with gains after equities reached fresh highs last week. The dollar traded near the lowest in more than two years, while the yen pared some of Friday’s climb as Japan looks for a new prime minister. Shares in Japan outperformed, bolstered by Berkshire Hathaway Inc.’s purchase of...

Treasury yields jumped after Jerome Powell said the Federal Reserve will remain accommodative and shift to a more relaxed approach on inflation. U.S. and European stock futures rose along with most Asian equities. Yield curves steepened in Asia along with U.S. Treasuries after Powell said the Fed will seek inflation that averages 2% over time, a...

A rally that pushed global equities to a record stalled Thursday ahead of a speech from Federal Reserve Chair Jerome Powell on a monetary policy framework review. Treasuries edged higher. Asian stocks traded mixed, with Japan, South Korea and Hong Kong declining, while China posted modest gains and Australia outperformed. U.S. futures dipped while Europe’s...

A rally in global stocks stalled within a whisker of February’s all-time high as investors mulled the pace of the recent gains and expectations for loose monetary policy. The dollar retained losses. Shares slipped in Japan, Australia and South Korea, while equities in China and Hong Kong opened flat. S&P 500 futures were steady after...

U.S. and European futures climbed alongside most Asian stocks Tuesday on optimism about treatments for the coronavirus and signs of progress on trade negotiations. The offshore yuan strengthened and the dollar slipped. Stocks rose in Japan, Australia and South Korea, fluctuated in China and dipped in Hong Kong. S&P 500 futures advanced after the benchmark...

Rishi Sunak’s tenure as U.K. Chancellor of the Exchequer is reaching a defining moment as he decides whether millions of workers living off government aid should soon begin fending for themselves in a crippled economy. In just over two months, his furlough plan that pays up to 80% of an employee’s salary will finish. Sunak has dismissed...

Stocks rose, led by gains in Hong Kong, amid signs of a thawing in U.S.-China tensions from the Trump administration and as investors await a policy speech by Federal Reserve Chair Jerome Powell later this week. The dollar dipped. Hong Kong shares opened about 1% higher, with WeChat owner Tencent Holdings Ltd. rising almost 4%....

Asian stocks, U.S. and European equity futures climbed Friday as technology shares continued to drive gains, tempering concern over a bumpy economic recovery. The dollar edged lower. Stocks saw a modest advance in Hong Kong, China and Japan, following a fresh Nasdaq 100 record overnight. Volumes were below average. South Korean stocks pared some of...