Tag: Reports

Japan shares hit 10-week peak, S&P 500 tests 3,000

SYDNEY (Reuters) – Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions...

Hong Kong shares ease on China-U.S. rift, dollar firms

SYDNEY (Reuters) – Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China’s move to impose a...

Hong Kong tensions rattle world stock markets, oil tumbles

NEW YORK/LONDON (Reuters) – Oil prices tumbled and global equity markets fell on Friday as China’s move to impose a new security law on Hong...

Wall Street ends mixed as China-U.S. tensions weigh

(Reuters) – Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and...

Wall Street Week Ahead: Investors look beyond drug makers as hunt for COVID-19 treatment heats up

NEW YORK (Reuters) – Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for...

Hong Kong tensions unnerve world stocks, oil tumbles

LONDON (Reuters) – World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on...

Global stocks skid as Hong Kong returns as Sino-U.S. flashpoint

TOKYO (Reuters) – Global shares tumbled on Friday as Hong Kong’s political unrest returned as a flashpoint in fast-deteriorating U.S.-China relations, following Beijing’s moves to...

Shares lose footing, oil marches on

LONDON (Reuters) – Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though those worries...

Oil prices climb as U.S. stock drawdown eases supply glut fears

TOKYO (Reuters) – Oil prices advanced on Thursday as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about...

Asia shares set for early gains as focus swings to recovery

WASHINGTON (Reuters) – Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid...

Oil gains, stocks rally on renewed recovery hopes

NEW YORK (Reuters) – Crude prices rose and a gauge of global equities broke out of a three-week trading range on Wednesday as investors bet...

Wall Street climbs as investors hold out for recovery; Nasdaq at 3-month high

(Reuters) – Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from...

Coronavirus hammers U.S. homebuilding; permits tumble

WASHINGTON (Reuters) – U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled, underlining fears that the coronavirus crisis...

Oil prices climb more than $1 ahead of WTI June contract expiry

SINGAPORE (Reuters) – Oil prices jumped by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing...

S&P swings as investors weigh weak data, trade woes with reopening optimism

NEW YORK (Reuters) – The S&P 500 zig-zagged on both sides of unchanged on Friday as investors weighed worries about Sino-U.S. trade relations and weaker-than-expected...

U.S. stock market falls on plunging retail sales; oil up

NEW YORK (Reuters) – U.S. stocks sank on Friday after data showed a worse-than-expected drop in retail sales and as investors worried about increased Sino-U.S....

Wall Street closes with strong gains as recovery hopes offset pandemic fears

(Reuters) – Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade...

In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support

WASHINGTON (Reuters) – The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S....

Coronavirus crisis leads to largest U.S. consumer price decline since 2008

WASHINGTON (Reuters) – U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline...

S&P 500 closes barely higher as investors balance pandemic with recovery

NEW YORK (Reuters) – The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections...

Wall Street set to drop on fear of new infection wave

(Reuters) – Wall Street’s main indexes were set to fall at the open on Monday after last week’s rally, as investors worried about a second...

Oil prices drop amid supply glut, fears of 2nd coronavirus wave

SINGAPORE (Reuters) – Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus...

Wall Street jumps as historic job losses fewer than feared

(Reuters) – Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the...

Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy

NEW YORK (Reuters) – A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the...

Coronavirus deals U.S. economy Great Depression-like job losses, high unemployment

WASHINGTON (Reuters) – The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, laying bare...