Tag Archives: Currencies / Foreign Exchange Markets

Stimulus hopes pull stocks back from abyss

Stimulus hopes pull stocks back from abyss

SINGAPORE (Reuters) – Stocks plunged on Friday with coronavirus panic selling hitting nearly every asset class, before finding some kind of floor as hopes turned to a U.S. stimulus package. Currency dealers walk past an electronic board showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of …

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U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

WASHINGTON/GENEVA (Reuters) – U.S. President Donald Trump said the United States will suspend all passenger travel from continental Europe on Friday to limit the spread of the coronavirus after the outbreak was formally declared a pandemic, sending global markets into a tailspin. Trump announced the travel ban on live television …

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Dollar eases, stocks slide on uncertainty over US stimulus plans

Dollar eases, stocks slide on uncertainty over US stimulus plans

NEW YORK (Reuters) – The dollar weakened and global equities markets slid again on Wednesday, with Wall Street sharply lower, as the previous day’s high hopes of government stimulus to tackle the coronavirus soured on the hard reality of still little action. File Photo: A street cleaning operative walks past …

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European stock futures jump as BoE joins rate cut party

European stock futures jump as BoE joins rate cut party

TOKYO (Reuters) – Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), …

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Asian shares emerge from rout as stimulus hopes calm panic

Asian shares emerge from rout as stimulus hopes calm panic

SYDNEY/HONG KONG (Reuters) – Asian stocks bounced, and bond yields rose from record lows on Tuesday on hopes that global policymakers would introduce co-ordinated stimulus to cushion the economic impact of a coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), stands in …

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World stocks toppled by coronavirus shock, oil price crash

World stocks toppled by coronavirus shock, oil price crash

SYDNEY (Reuters) – Global share markets tumbled on Monday as panicked investors fled headlong to bonds to hedge the economic trauma of the coronavirus, and oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia. FILE PHOTO: A man wearing a protective face …

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Investor fears rise over recession, bear market as coronavirus spreads in U.S.

Investor fears rise over recession, bear market as coronavirus spreads in U.S.

NEW YORK (Reuters) – The words “bear market” and “recession” are being used with increasing frequency as investors try to assess how badly the coronavirus outbreak will damage global growth and to what extent it could further weigh on asset prices. FILE PHOTO: A person wearing a face mask walks …

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GLOBAL MARKETS-Asian shares struggle despite Fed cut; resurgent Biden boosts U.S. futures

GLOBAL MARKETS-Asian shares struggle despite Fed cut; resurgent Biden boosts U.S. futures

* U.S. Treasury yields loiter near record lows * Dollar slides vs Asian currencies * S&P 500 futures rise as Biden resurgent in primaries * Asian stock markets: tmsnrt.rs/2zpUAr4 By Tom Westbrook and Scott Murdoch SINGAPORE/HONG KONG, March 4 (Reuters) – Asian shares struggled to find their footing on Wednesday …

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Slowing virus, China stimulus hopes support stocks, yen nurses losses

Slowing virus, China stimulus hopes support stocks, yen nurses losses

SINGAPORE (Reuters) – Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic, while the Japanese yen nursed heavy losses after suffering its steepest drop in six months. FILE PHOTO: A men wearing …

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