Category: News

European stocks rose with U.S. futures on Thursday as hopes for reassuring U.S. jobs data later in the session added to momentum from positive vaccine developments. Treasuries were steady and the dollar slipped. Gains on the Stoxx Europe 600 were helped by banks, after lagging the index most of the week. The sentiment strengthened as investors measured...

Asian stocks climbed Thursday after positive vaccine developments and U.S. data tempered concern over a jump in coronavirus cases. Treasuries and the dollar held losses. Hong Kong shares outperformed after returning from a holiday, despite the recent tensions over China’s new national security law over the city. Stocks in Australia, China, Japan and South Korea also rose....

U.S. stocks climbed on the final day of the best quarter since 1998 as investors assessed better-than-estimated economic data amid concern over new coronavirus cases and trade relations with China. The S&P 500 extended its second-quarter rally to 20% as a report showed consumer confidence posted its biggest increase since 2011. The Nasdaq Composite Index soared 31%...

Asian stocks started the new quarter in a muted fashion, as investors assessed mixed data on the global economy amid concern over the coronavirus spread and Sino-American tensions. Shares dipped in Japan on low volumes, with sentiment capped as confidence among large manufacturers in the country fell to the lowest since 2009. Stocks ticked higher in Shanghai,...

SAS AB will raise 12 billion kronor ($1.28 billion) to fund the Scandinavian airline’s comeback, in a recapitalization backed by its biggest owners — the Swedish and Danish governments and the Wallenberg family. The plan includes share sales, a rights issue and the issue of hybrid notes, as well as the conversion of some 3.75 billion...

Asian stocks advanced Tuesday, set to round out their best quarter since 2009 in a rebound from a devastating start to the year, as optimism about a recovery overshadows concerns over an increase in U.S. coronavirus cases. Benchmarks rose more than 1% in Japan, Australia and South Korea. Hong Kong gains were more modest after...

Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would stop spending money...

Asian stocks retreated and U.S. equity futures fluctuated as the ongoing spread of the coronavirus outweighed signs China’s economy is recovering. Stocks were down in more than 1% in Japan, Hong Kong and Australia, and had a more modest drop in China, where markets reopened after a two-day holiday. S&P 500 contracts swung between gains...

Employers probably kept hiring millions of Americans in June as states gradually lifted pandemic-related restrictions on businesses in a delicate balancing act of getting economies rolling again while limiting infection rates. Economists project the Labor Department will report a 3 million increase in payrolls after a surprising 2.5 million gain a month earlier. The back-to-back...

Asian stocks climbed Friday after a late rally in U.S. shares, as investors weighed the prospects for additional stimulus against the spike in American virus cases. The dollar edged higher. Shares rose in Japan and South Korea, on below average volumes. Australia also saw gains, while Hong Kong reopened to modest declines following Thursday’s holiday....