U.S. Exports, Imports Fell Sharply In April Amid Coronavirus Disruptions

Trade deficit widened as the pandemic sapped global commerce, affected supply chains. U. S. exports and imports both posted their largest monthly decreases on record amid coronavirus-related shutdowns around the world. Imports fell 13.7% in April from March, and exports dropped 20.5%, the largest declines since record-keeping began in 1992, the Commerce Department reported Thursday. […]

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U.S. Economy Faces Projected 10-Year Recovery From Coronavirus Effects

The U.S. economy could take the better part of a decade to fully recover from the coronavirus pandemic and related shutdowns, a U.S. budget agency said, as a series of surveys pointed to continuing weakness in global manufacturing. The Congressional Budget Office, a nonpartisan legislative agency, said the sharp contraction triggered by the coronavirus caused […]

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Financial Markets – Top 5 Things To Watch This Week

Heightened tensions between the U.S. and China will mean that risk sentiment remains fragile this week, while the highlight of the economic calendar will be Friday’s May non-farm payrolls report. Ahead of that, investors will have the chance to parse other economic data, including initial jobless claims and factory orders. The European Central Bank is […]

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UK To Launch Big Stimulus Package Before Summer

Britain’s government is planning to launch a big stimulus package before the summer with a focus on creating jobs and infrastructure projects to help drag the economy out of the coronavirus crisis, the Financial Times reported. Finance minister Rishi Sunak declined on Friday to say whether he would bring forward his next budget statement, due […]

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Global Stocks Drift Higher On Recovery Hopes

International stock indexes mostly rose, following U.S. markets higher on optimism over signs of an economic recovery and plans for additional stimulus, while shares fell in Hong Kong. The Stoxx Europe 600 rose 0.6%, led by gains in telecommunication and travel-and-leisure stocks. S&P 500 stock-index futures, flipping between small gains and losses, were down 0.1%. […]

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Optimism Over Reopening Pushes Global Stock Markets Higher

StockMarketNews.Today Today Stock Market News Economic Indicators Business Commodities Insights International markets rose, as optimism about economic reopening outweighed concerns over escalating U.S.-China tensions. Futures for the S&P 500 advanced nearly 2%, suggesting U.S. markets could gain when they resume trading Tuesday after the Memorial Day holiday. The pan-continental Stoxx Europe 600 1.1%, led by […]

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Markets – Top 5 Things to Watch This Week

The rush to develop treatments for Covid-19 is heating up, prompting investors to diversify bets in the healthcare sector and trade tensions between the U.S. and China are firmly back on the agenda. On the economic calendar, the weekly jobless claims report continues to be the main number to watch, given its timeliness. Federal Reserve […]

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Hertz Files For Bankruptcy

Hertz Global Holdings Inc., filed for bankruptcy protection Friday, saddled with about $19 billion in debt and nearly 700,000 vehicles that have been largely idled because of the coronavirus. The Estero, Fla.-based company entered chapter 11 proceedings in the U.S. Bankruptcy Court in Wilmington, Del., hoping to survive a drop-off in ground traffic from the […]

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Economic Indicators – Japan Exports Fall Most Since 2009 As Pandemic Wipes Out Global Demand

Japan’s exports fell the most since the 2009 global financial crisis in April as the coronavirus pandemic slammed world demand for cars, industrial materials and other goods, likely pushing the world’s third-largest economy deeper into recession. The ugly trade numbers come as policymakers seek to balance virus containment measures against the need to revive battered […]

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Global Stock Markets Mixed – Investors Continue To Weigh The Prospects For Economic Recovery From The Pandemic

U.S. stock futures rose, while international markets were mixed, as investors continued to weigh the prospects for global economic recovery in the wake of the coronavirus pandemic. S&P 500 futures were up 0.6%, suggesting U.S. stocks could open higher Wednesday. The pan-continental Stoxx Europe 600 dropped 0.4%. Markets in France, Germany and Switzerland were closed […]

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Stocks Surge As Oil Prices Rally

Stocks have their biggest gain in weeks as Wall Street is encouraged by a vaccine prospectvaccine prospect. Many of the world’s economies have begun to loosen restrictions on commerce, the Federal Reserve chair on Sunday signaled that the central bank has more firepower to lend to recovery efforts, and a drugmaker reported positive developments in […]

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Which Trading Platform Is Best For Beginners UK?

Which Trading Platform Is Best In UK? The best stock trading platform in UK for 2020? ….  How To Choose The Best Online Broker in UK { 2020 } … Best Online Trading Platform. Start Trading Now or Try a FREE Demo Account. ◊ Best Stock Trading Platform In UK {2020} : Plus500 Review ◊ Plus500 is a streamlined broker that […]

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Japan’s Economy Fell Into Recession In First Quarter Of 2020

The world’s third-largest economy after the U.S. and China shrank an annualized 3.4% in the January-March period, pushed down by the initial effects of the coronavirus pandemic. That followed a revised 7.3% contraction in the previous quarter that was triggered by an increase in the national sales tax. Two straight quarters of contraction is one […]

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Stocks Rally As Hopes For New Virus Vaccine Build

Shares of Moderna, a company that has been working on a vaccine for the coronavirus, jumped 21%. The company said it had positive results from early human tests of its vaccine. U.S. stocks rallied Monday on hopeful news around a potential coronavirus vaccine, recovering ground following their biggest weekly percentage drop in nearly two months. […]

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Financial Markets – Top 5 Things To Watch This Week

This Tuesday will see Federal Reserve Chairman Jerome Powell testify to Congress on the economic stimulus measures put in place so far. A day later the minutes of the Fed’s April meeting are scheduled to be released. Investors will be looking at the weekly jobless claims data as the reopening of the economy gathers pace. […]

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Which Is The Best Broker In Singapore?

Which trading platform is best in Singapore? What is the best stock trading platform in Singapore for 2020? ….  How To Choose The Best Online Broker in Singapore { 2020 } … Best Online Trading Platform. Start Trading Now or Try a FREE Demo Account. To evaluate brokers, you should look at the following factors: >>> Commissions >>> […]

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Big Investors Aren’t Betting It All On A Coronavirus Cure

Successful efforts that could help billions of people might not result in big profits for shareholders. Shares are up for companies searching for coronavirus drugs and vaccines. As drug companies race to discover treatments for the new coronavirus, big investment firms are placing cautious bets on likely winners. Hedge funds and venture-capital firms, which are […]

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Day Trading: Top 3 Things To Watch For May 15

It was quite a comeback for the Dow today as investors finally decided to dip back into financial stocks. Bulls will hope that the same sentiment that was able to shrug off a rise of 3 million in jobless claims today will be on hand tomorrow, with more devasting data expected. Here are three things that […]

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COVID-19 to Cause 17% Unemployment in June

U.S. unemployment is expected to hit 17% in June as the economy contracts due to efforts to contain the coronavirus pandemic, economists predicted, and the economy is expected to start rebounding in the second half of the year. A monthly Wall Street Journal survey found economists expect gross domestic product to shrink 6.6% this year, […]

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Financial Markets – Top 5 Things To Watch This Week

This week’s economic calendar is packed with data which will further demonstrate the extent to which the coronavirus pandemic has hit global growth. The U.S. is set to publish figures on retail sales and industrial production for April, while the UK and Germany are to release data on first quarter GDP. Give the Gift of […]

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Why The Stock Market Is Up Even With Historic Job Losses?

A record number of Americans just lost their job, yet stocks are moving higher. This seems paradoxical, given the economic toll — to say nothing of the emotional toll — of millions of people across the country without a job. While some observers say it’s further indication that the stock market has become decoupled from […]

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The World Is Running Out Of Room For Its Oil

Lockdown measures are crippling demand, and supply isn’t falling quickly enough to keep up. Oil-storage tanks around the world are rapidly filling with crude, leaving the new production coming out of the ground with nowhere to go. The overwhelming glut is threatening one of the world’s vital industries and could prolong the economic fallout from […]

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Global Markets Mostly Edge Up

Global shares largely crept higher, after a mixed session on Wall Street, and with few major news developments to alter investors’ outlook on the coronavirus pandemic. Futures for the S&P 500 rose 0.9%, suggesting the U.S. market could open higher. The pan-continental Stoxx Europe 600 gained 0.4%. Hong Kong’s Hang Seng Index lost 0.6%, while […]

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U.S. Nonfarm Private Sector Lost 20 Million Jobs

The nonfarm private sector in the U.S. lost about 20.2 million jobs from March to mid-April as much of the country’s economy ground to a halt during the coronavirus pandemic. The losses were the steepest among large businesses with 500 or more employees, which saw a decline of roughly 9 million jobs during the month, […]

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Home Prices Are Rising During The Pandemic

The economy is shrinking, businesses are closing and jobs are disappearing due to the coronavirus pandemic. But in the housing market, prices keep chugging higher. Home prices plunged during the last recession after a housing crash caused millions of families to lose their homes. Home values could start to erode again, especially when mortgage forbearances […]

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Global Stock Markets Mixed As Investors Weigh Economic Reopening

World markets were mixed as investors gauged the possible effects of easing lockdowns to combat the coronavirus. S&P 500 futures rose 0.8% ahead of the opening bell Wednesday, while the Stoxx Europe 600 benchmark was broadly flat. China’s Shanghai Composite gained 0.6% on its first trading day since Thursday, after a five-day holiday. ⇑⇓  THE […]

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Stock Market – Top 5 Things to Watch This Week

The U.S. employment report for April will take center stage this week, laying bare details on the depth of the economic fallout from efforts to contain the spread of the coronavirus pandemic. The figures are expected to be historically unprecedented. Markets will also be watching the progress of some U.S. states and many European countries […]

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Natural Gas Is Flaring Up

Rising Natural Gas Prices Are a Hot Bet… Investors, who just weeks ago shunned the fuel and the companies that sell it, are unwinding wagers that prices will fall, bidding up producers’ beaten-down shares and even buying their new bonds. The reason for optimism: The historic collapse in crude prices thanks to the new coronavirus […]

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Financial Markets Sink After Tech Giants Report Earnings

Global stocks slumped Friday after Apple and Amazon.com reported earnings that highlighted the impact the coronavirus pandemic is having on the world’s biggest companies. Futures linked to the S&P 500 fell 2% early Friday, suggesting U.S. markets could open lower and extend Thursday’s losses. The U.K.’s FTSE 100 dropped just over 2%. Japan’s Nikkei 225 […]

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Global Markets – Sentiment Improves After Promising News On A Coronavirus Treatment And Fed Assurances On Lasting Economic Support

Stocks rose Thursday, following a rally in U.S. markets on Federal Reserve assurances it will continue with its stimulus programs and on promising news on a coronavirus treatment. S&P 500 futures inched up 0.5%, suggesting U.S. markets could open higher. In Europe, the pan-continental Stoxx Europe 600 added 0.6%. Stock benchmarks in China and Japan […]

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Shell Slashes Dividend For The First Time Since World War II

Shares of Shell dropped to the bottom of the European benchmark during early morning deals, down more than 7%. Oil giant Royal Dutch Shell on Thursday cut its dividend to shareholders for the first time since World War II, following a dramatic slide in oil prices amid the coronavirus crisis. The board at Shell said […]

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U.S. Economy Shrank At 4.8% Pace In First Quarter

The decline in seasonally and inflation-adjusted gross domestic product, the broadest measure of goods and services produced across the economy, was the steepest quarterly contraction since the last recession and signaled the end of the longest expansion on record. Consumer spending drove the drop, falling at a seasonally adjusted annual rate of 7.6%, the largest […]

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Stock Market Today: Global Stocks Rise Ahead Of Powell’s Comments

Futures tied to the S&P 500 rose, suggesting the blue-chip index could open higher. The Stoxx Europe 600 wavered between gains and losses, as gains for shares in oil-and-gas companies offset losses for utility stocks. Federal Reserve Chairman Jerome Powell’s comments on the prospects for the economy, when he holds a press conference at 2:30 […]

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Junk Bonds Bounce Back, Raising Hopes—And Concerns

A rally in corporate debt is enabling riskier companies to raise much-needed cash while fueling debate over whether investors have grown overly optimistic about the economy. ⇑⇓ Start Trading Now or Try a FREE Demo Account ⇓⇑ From April 13 through Friday, companies such as Ford Motor Co., AMC Entertainment Holdings Inc. and SeaWorld Entertainment Inc. issued a […]

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Crude Oil Volatile – Dysfunction In The Oil Market Intensified, Sending The Most Popularly Traded U.S. Oil Contract To A Fresh Low

Oil prices recovered some losses Tuesday after traders scrambled to avoid the worst of the damage wrought by volatile markets. The world is awash with too much oil at a time when coronavirus lockdowns on driving, flying and industrial activity has all but eliminated the need for the stuff. ⇑⇓ Start Trading Now or Try a FREE Demo […]

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Pandemic Triggers A Wave of Distress, Bankruptcy In Corporate America

What a time to be a restructuring specialist. Practically overnight, bankers and lawyers who advise companies in distress have become some of the most in-demand workers on Wall Street, ending a long period in which rising markets and abundant capital consigned them to obscurity. Stay-at-home orders and the shutdown of nonessential business have driven broad […]

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Global Stocks Rise As Countries Begin To Reopen Economies

Global stocks rose Monday, with investors anticipating that stimulus measures and the easing of coronavirus-lockdown measures in the U.S. and Europe may help kick-start economic activity. Futures tied to the Dow Jones Industrial Average advanced 0.9%. Last week, the benchmark for U.S. blue-chip stocks posted modest losses, dropping 1.9% after a massive rally from late […]

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Oil Glut Swells Off Asian Trading Hub On Global Storage Scramble

A narrow waterway off Singapore has become even more congested as oil-laden tankers wait out a slump in global fuel consumption that’s crimped demand and boosted the use of ships to store cargoes. About 60 clean fuel tankers are currently anchored along the busy strait, up from the usual 30-40 ships, according to Rahul Kapoor, […]

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Financial Markets – Top 5 Things To Watch This Week

The Federal Reserve, European Central Bank and the Bank of Japan are all set to hold policy meetings this week after the coronavirus induced global economic crisis prompted them to implement aggressive monetary easing measures. Investors will be on the alert for indications that policymakers may have to do yet more to shield economies from […]

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5 Mistakes To Avoid In A Bear Market

By bear market standards, the recent sell-off was super-fast. It took 16 days for the Standard & Poor’s 500 stock index to fall 20%, the quickest transition from bull to bear ever. But the size of the drop, at least so far, has been below average. At the bear market low on March 23, the […]

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Collapse In Aircraft Demand Drove Down March Factory Orders

Orders for long-lasting factory goods fell sharply in March, driven by a collapse in demand for commercial aircraft and parts as the coronavirus spread around the world. New orders for durable goods—products designed to last at least three years—declined 14.4% in March from the previous month, the biggest monthly drop since August 2014, the Commerce […]

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When Will Disneyland And Other Parks Reopen?

Swiss banking giant UBS told clients Monday that Walt Disney Co. is likely to wait until Jan. 1 to open its theme parks and predicted the Burbank media company will see only about 50% of 2019 attendance. “Moreover, we now believe the lingering effects of the outbreak — including crowd avoidance, new health precautions, etc. […]

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Global Stocks Traded Lower, As Signs Of The Coronavirus Pandemic’s Impact On Jobs And Business Activity Weighed On Markets

Futures tied to the S&P 500 ticked down 0.3%, suggesting the blue-chip index may slip after a volatile day of trading on Thursday. European stocks fell, pushing the Stoxx Europe 600 down 1.3%. In Asia, Japan’s Nikkei 225 closed 0.9% lower, while South Korea’s Kospi Composite eased 1.3%. China’s benchmark Shanghai Composite fell 1.1% and […]

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Oil Prices Soar As Traders Prepare for Wild Ride to Continue

West Texas Intermediate futures that will deliver oil in June, the U.S. benchmark, rose 20% to $16.47 a barrel. Brent crude futures, used to set prices for oil throughout global energy markets, rose 8.6% to $22.12 a barrel. Helping prices regain some lost ground: signs of a recovery in demand for oil in China, which […]

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Another 4.4 Million Americans Sought Unemployment Benefits Last Week

Workers have filed more than 26 million jobless claims since start of coronavirus-related shutdowns. About 4.4 million Americans applied for jobless benefits in the week ended April 18, the Labor Department said Thursday. Jobless claims, which are laid-off workers’ applications for unemployment-insurance payments, had reached 5.2 million a week earlier. Since the pandemic led to […]

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Global Stocks Steady As Oil Prices Recover

Global stocks were little changed as oil prices regained more ground after days of turmoil. ⇑⇓ Start Trading Now ⇓⇑ Futures for the S&P 500 were flat, suggesting moves in U.S. stocks later Thursday could be muted. The pan-continental Stoxx Europe 600 fell flat. Major benchmarks in the Asia-Pacific region were mixed: Japan’s Nikkei 225 […]

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Mortgage Demand Stalls, Even With Interest Rates At A Record Low

Mortgage volume appears to be settling into a new normal, as refinance demand stays high and purchase demand sits at a five-year low. Total mortgage application volume decreased 0.3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 70% higher than a year ago, but that’s all […]

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Dow, S&P 500 Stabilize, Oil Recovers

U.S. stocks rallied Wednesday, clawing back some of this week’s losses, as oil markets calmed and investors looked to corporate earnings reports to gauge the health of U.S. businesses during the coronavirus pandemic. The Dow Jones Industrial Average added 370 points, about 1.6%, after dropping more than 1,200 points to start the week. The S&P […]

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Oil Collapse Continues As Brent Plunges More Than 15%

Oil prices continued to plummet Wednesday as concerns over limp demand and limited remaining storage capacity lingered. In the afternoon of Asian trading hours, international benchmark Brent crude futures dropped 15.57% to $16.32 per barrel. Meanwhile, the June contract for West Texas Intermediate shed all of its earlier gains as it dropped 6.66% to $10.80 […]

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US Oil Fund Plunges 38%, Halted For Trading Repeatedly

Trading in the United States Oil Fund, a popular exchange-traded security known for its ‘USO’ ticker which is supposed to track the price of oil and is popular with retail investors, plunged nearly 40%. At one point, trading was halted in morning trading after USCF, the manager of the fund, said that it was temporarily […]

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Oil-Price Crash Deepens, Weighs On Global Markets

The crash in global oil prices deepened Tuesday, as pain spread to currencies of major exporters and shares in energy producers. Brent crude futures, the international benchmark for oil markets, dropped 15% to $20.67 a barrel, their lowest level since 2002. The decline came a day after the price of West Texas Intermediate, the U.S. […]

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3 Million Americans Are Not Paying Their Mortgages Right Now

The number of Americans struggling to pay their mortgages has skyrocketed as the economy reels from the coronavirus pandemic, with nearly 3 million Americans behind by at least one month on their mortgage payments in the week ending April 12, according to the Mortgage Bankers Association. Nearly 6% of all mortgages were in forbearance, the […]

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U.S. Crude Futures Turn Positive After Historic Plunge

U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude. U.S. West Texas Intermediate (WTI) crude for May delivery (CLc1) was up $38.99 in thin trade at $1.36 a barrel by […]

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Bets Against the Stock Market Rise to Highest Level in Years

Short sellers have revived their wagers against the stock market in recent weeks, taking their most aggressive positions in years. Bets against the SPDR S&P 500 Trust, the biggest exchange-traded fund tracking the broad index, rose to $68.1 billion last week, the highest level in data going back to January 2016, according to financial analytics […]

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Oil Falls More Than 10% To Lows Not Seen Since 1999

Crude oil futures fell on Monday, with U.S. futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that U.S. storage facilities will soon fill to the brim amid the coronavirus pandemic. The oil market has been under pressure due to a spate of reports on weak fuel […]

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Financial Markets – Top 5 Things To Watch This Week

While dozens of earnings reports are expected in the coming week and economic data will bring more insights into the impact of the coronavirus the main focus will still be on developments relating to the virus and how soon the economy can reopen. Around 20% of S&P 500 companies are expected to report results in […]

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Europe Needs At Least 500 Billion Euros For Recovery

Europe will need at least another 500 billion euros from European Union institutions to finance its economic recovery after the coronavirus pandemic, on top of the agreed half-a-trillion package, the head of the euro zone bailout fund said. In an interview with Italy’s Corriere della Sera paper, published on Sunday, European Stability Mechanism Managing Director […]

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The Stock Market Is Ignoring The Economy

The Dow Jones Industrial Average staged its best two-week performance since the 1930s, the explosive rally is a sign that many are positioning for the U.S. to make a speedy recovery when the coronavirus crisis eases. Investors have been encouraged in recent days by signs that several states will move to resume business, along with […]

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Stock Market Investors Are Too Optimistic …

There has been a V-shaped recovery; in the stock market, not in the economy. That is dividing opinion between the doomsayers who think this divergence makes no sense, and those who believe that the Federal Reserve and its central bank peers have this covered — and that they’ll restore the economy to its former state. […]

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Global Stocks And U.S. Futures Gain Despite China GDP Plunge

Stock benchmarks in the Asia-Pacific region rose, while S&P 500 stock futures traded higher, pointing to a strong session for U.S. shares on Friday. ⇑⇓ THE BEST STOCK MARKET PREDICTION SOFTWARE ⇓⇑ ⇑⇓ THE BEST STOCK MARKET PREDICTION SOFTWARE ⇓⇑ Market watchers said a range of factors helped power the rally, including the prospect of […]

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Global Stocks Waver Amid Growing Signs Of Coronavirus’s Economic Toll

U.S. futures and European stocks gained, even as some Asian indexes fell, as investors assessed how the coronavirus pandemic would affect economies. Futures for the S&P 500 rose 1%, as did Europe’s pan-continental Stoxx Europe 600. The Shanghai Composite in mainland China and South Korea’s Kospi reversed earlier losses to trade slightly higher. Hong Kong’s […]

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The Coronavirus Crisis Could Pave The Way To Universal Basic Income

◊ Universal Basic Income ◊ The IMF describes universal basic income as an income support mechanism. The coronavirus crisis has revitalized calls for a universal basic income. The Covid-19 outbreak has meant countries across the globe have effectively had to shut down, with many governments imposing draconian measures on the lives of billions of people. […]

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Banks Brace For A Recession

The large U.S. lenders are preparing for an economic downturn as millions remain out of work. Big banks sent a clear message in first-quarter earnings Tuesday: This recession is going to be bad. JPMorgan Chase & Co. and Wells Fargo & Co. set aside billions of additional dollars to get ready for a flood of […]

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Australia Consumer Sentiment Collapses To 30-Year Low

A measure of Australian consumer sentiment collapsed in April to a 30-year low as social distancing restrictions due to the coronavirus pandemic threatened to push the country’s economy into its first recession in three decades. Wednesday’s survey showed the Melbourne Institute and Westpac Bank (AX:WBC) index of consumer sentiment plunged 17.7%, its biggest monthly decline […]

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Stock Markets Around The World Rose On Optimism That Economic Activity May Improve In The Near Future

Futures tied to the Dow Jones Industrial Average rose 1.5%, suggesting U.S. stocks could gain ground later in the day. The pan-continental Stoxx Europe 600 advanced 1.2%. Asia-Pacific stock indexes also rose Tuesday. The benchmark Shanghai Composite Index closed up 1.6%. Global coronavirus infections topped 1.9 million, with more than 119,000 deaths, according to Johns […]

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U.S. Stocks Open Lower

U.S. stocks fell in early trading Monday, while oil prices faltered as a multinational agreement to cut crude production failed to assuage concerns that global oil markets will stabilize as the coronavirus pandemic erodes energy demand. The S&P 500 index shed 0.4%, while the Dow Jones Industrial Average fell 91 points, or 0.4% and the […]

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Oil Market – Record Cuts In Oil Output

The deal, sealed Sunday, came after President Trump intervened to help resolve a Saudi-Mexico standoff that jeopardized the broader pact. As part of the agreement, 23 countries committed to withhold collectively 9.7 million barrels a day of oil from global markets. The deal, designed to address a mounting oil glut resulting from the pandemic’s erosion […]

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Earnings Season Offers Next Test For Rebounding Stock Market

‘We haven’t really seen markets reflect the full extent of the damage that coronavirus is having to corporate profitability, The kickoff of earnings season this week will give investors a first glimpse of the impact of the coronavirus shutdown on corporate profits—and potentially clues about the outlook for the rest of the year. Those results […]

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Financial Markets – Top 5 Things to Watch This Week

Investors will be awaiting the International Monetary Fund’s updated forecasts for the global economy this week, which are expected to show a steep downward revision amid the impact of restrictions aimed at containing the spread of the coronavirus pandemic. U.S. figures on weekly initial jobless claims have been the key indicator to watch and will […]

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World Bank Forecasts Worst Economic Slump In 40 Years

South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank said on Sunday. The South Asian region, comprising eight countries, is likely to show economic growth of 1.8% to 2.8% this year, the World Bank said in its South Asia Economic […]

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Americans Could Start Receiving Relief Money Next Week

Much-awaited aid cash will begin flooding into millions of bank accounts next week in the first wave of payouts to shore up the nation’s wallets. Millions of taxpayers will begin receiving the extra money to pay rent, groceries and other bills next week, or possibly as early as Thursday or Friday, some say. The first […]

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Pfizer Identifies Lead Coronavirus Drug Candidate

Pfizer Inc. has found a promising but early potential coronavirus treatment, which the drugmaker aims to begin testing in patients this summer. Laboratory research suggests the drug candidate blocks the new coronavirus from replicating, Pfizer research-and-development chief Mikael Dolsten said in an interview. The findings indicate the experimental drug could slow or stop the spread […]

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Global Stocks Edge Higher As Trading Volumes Ebb

Global stocks wobbled Thursday as trading volumes slid ahead of the long Easter holiday weekend, while oil markets were buoyed by optimism that major crude producers including Russia may agree to cut output. Futures tied to the Dow Jones Industrial Average drifted up 0.3%, following a 3.4% rally in the blue-chips gauge on Wednesday. The […]

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Oil Rises As Markets Eye OPEC, Russia Meeting On Output Cuts

Oil rebounded on Wednesday after a two-day fall, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic. Brent crude was up by 21 cents, or 0.8%, at $32.08 per barrel by 0639 GMT after falling […]

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Stocks Climb, Trying To Extend Winning Streak

U.S. stocks rose sharply Tuesday, buoyed by early indications that the spread of the coronavirus pandemic was slowing in some hot spots around the world. The Dow Jones Industrial Average rallied 2.8% in midday trading, a day after rising almost 8%. The S&P 500 and the Nasdaq Composite also jumped, climbing 2.3% and 1.5% respectively. […]

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Oil Rises 3% On Hopes For Output Cut

Oil prices gained on Tuesday as hopes rose that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected. Brent crude (LCOc1) was up by 93 cents, or 2.8%, at $33.98 a barrel by 0431 GMT […]

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Global Markets Follow U.S. Higher

Global markets largely extended gains, after major indexes in the U.S. jumped more than 7% amid early signs that lockdowns could be helping stem the coronavirus pandemic internationally. While the U.S. coronavirus death toll surpassed 10,000, new models suggested infections in some of the worst-hit American cities, including New York, Detroit and New Orleans, were […]

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Boeing Extends Production Shutdown Indefinitely

Boeing Co said on Sunday it would extend the suspension of production operations at its Washington state facilities until further notice amid the coronavirus outbreak. The largest U.S. planemaker said on March 23 it would halt production at its Washington state twin-aisle jetliner factory as a temporary measure to help fight the outbreak of the […]

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Economic Calendar – Top 5 Things to Watch This Week

The main focus will once again be on U.S. labor market, with Thursday’s initial jobless claims report, which has already shown an unprecedented jump of around 10 million over the past two weeks. Oil prices look set to crater again on Monday as the price war between Saudi Arabia and Russia intensifies. Meanwhile, Wednesday’s Federal […]

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Oil Production Cut: OPEC+ Meeting Delayed

OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified. The delay came amid pressure from U.S. President Donald Trump for the Organization of the Petroleum […]

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U.S. Postal Service Could Shut Down By June

Throughout the coronavirus pandemic, postal workers have been on the front lines, considered “essential workers” who must continue to do their jobs as usual while others stay home. But some lawmakers are warning that without more support, the U.S. Postal Service (USPS) could completely shut down in the next few months, threatening the livelihoods of […]

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Russia Press U.S. To Coordinate Oil Cuts, Pushing Up Prices

Saudi Arabia and Russia are pressing the U.S. to coordinate oil output cuts in an attempt to stabilize prices, OPEC officials said, as the demand for crude plummets amid the coronavirus pandemic. U.S. oil companies are divided over the proposed cooperation between the world’s three biggest crude-producing nations, which would be unprecedented. Some major oil […]

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U.S. Employers Cut 711,000 Jobs In March

The unemployment rate for March rose to 4.4% from 3.5% in February. It was the largest one-month increase in the rate since January 1975. The data doesn’t yet fully reflect the millions of unemployment-insurance claims individuals filed in the last two weeks of March due to the coronavirus pandemic. The monthly decline in payrolls was […]

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European Markets Mixed As Coronavirus Cases Top 1 Million

Global stock markets have experienced a shaky start to the second quarter this week as investors to assess the potential economic ramifications of widespread lockdowns and the persistent spread of the coronavirus. European markets were searching for direction on Friday morning as another rocky week of trading draws to a close amid the deepening coronavirus […]

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Wall Street Opens Mixed After New Jobless Shock

U.S. stock markets opened lower again on Thursday after another record-breaking rise in initial jobless claims underlined the scale of the damage being wrought on the U.S. economy by the Covid-19 pandemic. Another 6.65 million people filed for unemployment benefits last week, over twice as many as the 3.3 million who claimed a week earlier […]

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U.S. Stock Futures Rebound, Oil Surges

U.S. stock futures recovered some ground Thursday, while oil prices surged on hopes of an end to the Saudi Arabia-Russia price war. Contracts tied to the S&P 500 rose 1.6%, suggesting that the index may recover some of its losses when trading gets under way in New York. U.S. equities endured their worst start to […]

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U.S. Weekly Jobless Claims Seen At Record High

“The U.S. labor market is in free-fall,” said Gregory Daco, chief U.S. economist at Oxford Economics in New York. The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say […]

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French Manufacturing Plunges Into Deepest Slump In Seven Years

French manufacturing activity fell in March at the fastest pace in more than seven years as a nationwide lockdown to contain the coronavirus outbreak hits companies and their clients, a monthly survey showed on Wednesday. Data compiler IHS Markit said its final Purchasing Managers’ Index (PMI) fell to 43.2 points from 49.8 in February, slightly […]

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Global Stocks On Track For Worst Quarter Since 2008

U.S. futures tied to the Dow Jones Industrial Average ticked up 0.8%, suggesting that the gauge may climb for a second consecutive day after the opening bell in New York. That may still leave the blue-chip index down by the most since the three months ended December 2008, when the Dow plummeted almost 20%. The […]

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Economic Indicators: China Factory Activity Unexpectedly Expands

Factory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is far from assured as the global coronavirus crisis knocks foreign demand and threatens a steep economic slump. China’s official Purchasing Managers’ Index (PMI) rose to 52 in March from a plunge to […]

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Global Stocks Fall as Oil Dips Below $20

Today’s Stock Market News { Monday – 30 March – 2020 } In Monday-afternoon trading in Hong Kong, S&P 500 futures rose about 1%, reversing earlier declines and suggesting that U.S. shares could rise at the start of the week. The yield on the 10-year U.S. Treasury note, a security that is seen as a […]

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Financial Markets – Top 5 Things to Watch This Week

The negative impact of the coronavirus pandemic on the U.S. labor market will begin to become more apparent this week. Friday’s nonfarm payrolls report for March is expected to show a large drop amid the lockdown in many cities and states that has shuttered businesses and sparked a massive wave of staff layoffs. Thursday’s jobless […]

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Trump Decides Against Quarantine for New York

“A lockdown is what they did in Wuhan, China, and we’re not in China,” Mr. Cuomo said on CNN Saturday evening. President Trump late Saturday said he would not seek a quarantine on New York, New Jersey and parts of Connecticut after raising the idea earlier in the day and said his administration would instead […]

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Stimulus Check Calculator

Congress just passed a $2 trillion stimulus bill to address the growing economic crisis caused by the coronavirus pandemic. Included are direct payments to many Americans. Individuals are eligible for up to $1,200 and couples would receive up to $2,400 — plus $500 per child. But the payments would start phasing out for individuals with […]

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Coronavirus Shows Cash Is King, Even for Biggest U.S. Companies

The fast-spreading coronavirus has prompted even the biggest U.S. companies to cut their spending and bolster their balance sheets, proving once again how cash is king, especially in times of crisis. After a decadelong U.S. economic expansion, not every company has entered this crisis with the same cash cushion. Apple Inc. ended the year with […]

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Financial Markets: European Shares Jump Again On Stimulus Bump

European shares rose on Wednesday following a strong rally in the previous session, as investors bet on unprecedented stimulus measures to ease the economic pain on businesses and households from the coronavirus pandemic. The pan-European STOXX 600 index (STOXX) was up 2.1% at 0804 GMT, with energy (SXEP), industrials (SXNP), financials (SXFP) and miners (SXPP) […]

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