Category: News

Gold’s spot and futures prices opened the week by hitting records, with metal for immediate delivery closing in on $2,000 an ounce as the search for haven assets continued amid the coronavirus pandemic. Spot bullion surged 11% in July, the biggest monthly gain since 2012, as investors weighed a weaker dollar and record low U.S....

Asian stocks started August in a mixed fashion amid a resurgence in Covid-19 cases and simmering U.S.-China tension. Treasuries slipped. Shares advanced in Japan and China but declined in Hong Kong. Australia’s and South Korea’s stocks fluctuated, as did S&P 500 contracts. Oil dipped. Gold continues to trade near record highs. On Friday, U.S. stocks...

The coronavirus pandemic sent the euro-area economy into the deepest recession on record in the second quarter, taking output back to levels not seen since early 2005. While indicators show a rebound is already underway, the 12.1% plunge in the 19-member region and mounting concerns about new flare-up in infections point to a long recovery...

The U.S. economy suffered its sharpest downturn since at least the 1940s in the second quarter, highlighting how the pandemic has ravaged businesses across the country and left millions of Americans out of work. Gross domestic product shrank 9.5% in the second quarter from the first, a drop that equals an annualized pace of 32.9%,...

U.S. equity futures climbed after stellar earnings from technology giants, while the dollar extended this month’s slide amid renewed concern about the strength of the American recovery. Asian shares retreated. S&P 500 and Nasdaq contracts advanced as Apple Inc., Amazon.com Inc., and Facebook Inc. jumped in after-hours trading. Stocks underperformed Friday in Japan and Australia, with Tokyo due to...

Asian stocks traded mixed Thursday as investors weighed a signal from the Federal Reserve that more stimulus will be provided against a slew of earnings and the continued spread of the coronavirus. The dollar steadied. Shares climbed in Hong Kong and Sydney with stocks in Seoul given a boost as earnings at Samsung Electronics Co. topped estimates....

Stocks struggled for direction in most markets and Treasuries held steady in the run-up to Wednesday’s decision from the Federal Reserve’s policy meeting. The Stoxx Europe 600 Index opened modestly lower as earnings rolled in, with Barclays Plc shares slipping after U.K. bank’s provisions for bad loan losses exceeded market estimates. U.S. index futures swung from...

The proposal favored by U.S. Republicans for extending supplemental unemployment benefits aiding millions of Americans could take some states the rest of the year to implement China continues to lag behind the pace of imports from the U.S. needed to meet the terms of the two nations’ trade deal, amid a rapidly worsening diplomatic standoff that’s sparking global fears...

The Bank of Russia surprised economists by delivering its smallest interest-rate cut in months, but left the door open for further reductions. The benchmark interest rate was cut by 25 basis points to 4.25%, the central bank said in a statement on Friday. Thirteen analysts in a Bloomberg survey of 39 forecast the move, while...

Stocks traded mixed and gold futures rose to a record high as investors weighed simmering Sino-American tensions against signs the virus spread in the U.S. may be slowing. The dollar extended its recent slide. Japanese shares fell, catching up to a two-day slide in global equities when Tokyo was closed for a holiday last week. Stocks in Hong...