Market Overview - Page 340

New coronavirus infections hit record highs in six U.S. states on Tuesday, marking a rising tide of cases for a second consecutive week as most states moved forward with reopening their economies. Arizona, Florida, Oklahoma, Oregon and Texas all reported.

Sixteen of the world’s leading energy executives met virtually at an unprecedented meeting Tuesday night to talk about how big oil will navigate its biggest crisis in recent history while confronting the coronavirus pandemic. “Each one of us has had.

The Central Bank of Russia (CBR) is expected to cut its benchmark interest rate on Friday to its lowest level since the fall of the Soviet Union. Bank Governor Elvira Nabiullina said last week that lower inflation across the first.

The dollar advanced on Tuesday after a record increase in U.S. retail sales in May following two straight months of declines, reinforcing a growing belief that the worst may be over for the world’s largest economy. The U.S. currency turned.

The global economy is on track for a more significant contraction than the International Monetary Fund estimated back in April, the institution’s chief economist said Tuesday. When European countries were in their first weeks of lockdown, the IMF said the.

US retail sales sharply exceeded expectations, adding 17.7% in May (+ 7.9% exp.). Sales ex-auto soared 12.4% mom (+5.5% exp.). Recovery turned out to be much more dynamic than anticipated. Vivid data triggered increased purchases in the markets. S&P500 added.

Stock markets around the world are bouncing back on Tuesday after the U.S. Federal Reserve announced an expansion to its incursion into the corporate credit market. The Fed revealed that it would begin buying individual corporate bonds on top of.

The International Energy Agency said on Tuesday that it expects the fall in oil demand this year to be the largest in history, but believes there are signs the market could reach “a more stable footing” over the coming months..

The number of people on British company payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, official data showed on Tuesday. The jobless.

The S&P 500 plunged 6% last Thursday as investors fretted the possibility of a second wave of infections. But analysts are still bullish about the U.S. stock market. Morgan Stanley is confident that the recovery from the pandemic will be.

The markets managed to return to growth thanks to the Fed’s announcement to start buying corporate bonds (previously, only ETFs). At the beginning of the program, the central bank made deals on higher volumes, and then gradually reduced them. Thus,.

Futures contracts tied to the major U.S. stock indexes rose early Tuesday morning as a Bloomberg report said President Donald Trump’s administration is preparing a $1 trillion infrastructure proposal. Dow Jones Industrial Average futures rose 503 points, suggesting an open.