Market rally loses steam amid worry about US jobless numbers

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

A two-day equity rally has petered out as investors sell riskier currencies and stimulus negotiations drag on in Washington

A trader wears a face mask on the floor of the New York Stock Exchange following traders testing positive for Coronavirus disease, in New York, the US, on March 19 2020. REUTERS/LUCAS JACKSON

The dollar climbed about 1% against the Australian and New Zealand dollars and the yen rose 0.4% against the dollar as investors sought shelter. Meanwhile, as Senate leaders in US hoped to vote on the stimulus package late in the Washington night, markets’ patience and optimism are beginning to waver.

Hong Kong’s Hang Seng was down 0.5% by midmorning while regional trade was mixed. Indices in China posted meagre gains and Australia, Indonesia and Thailand advanced.The money at stake in the stimulus bill amounts to nearly half of the $4.7-trillion the US government spends a year. Spain’s coronavirus death toll has overtaken China’s and a total of 21,221 people have died globally.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US stocks surge as Congress nears deal on US stimulusDow Jones Industrial Average up over 9% for the first time since 2008 while dollar halts its 10-day rally
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

Market data — March 24 2020Market data including bonds, unit trusts and fuel prices
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

MARKET WRAP: Bond yields fall as Reserve Bank extends stimulusThe all share rose 5.17%, as did the top 40, with resources and gold miners both up significantly
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

How the market crash will affect your retirement fundThe global market collapse caused by the Covid-19 coronavirus pandemic has created a buying opportunity for those who are still investing for retirement, however, it comes at a very bad time for those who are about to enter retirement.
La source: City_Press - 🏆 7. / 72 Lire la suite »

Stocks rally advances on German, US stimulus plansIn New York, the Dow Jones index was up by 5.5 percent in afternoon trading, while London and Paris closed with gains of 4.5 percent.
La source: TheCitizen_News - 🏆 6. / 75 Lire la suite »

US stocks rally for second day as investors await $2-trillion aid packageBoeing surges 30% as investors bet on government support for the aerospace industry
La source: BDliveSA - 🏆 12. / 63 Lire la suite »